Bob, Nope, I punted when they got to this level last time. I was wrong to buy them. I was right when I shorted them in the high teens (there were no puts), right when I covered, but I should have never tried the reverse double dip by going long. That has burned me on Gems, Page, and Shiva. However, it worked great on Ascend, Ciena, IGT, and, a double reverse, APCC. So, I guess I am not giving up the technique, just CSDS.
The only gaming stock I now own is American Wagering (BETM). Still like it. I own game stocks, but that is a different concept,though I expect some overlap in the future.
MB |
