Pete,
LT investment, scalp, or ST trade? The answer on getting in depends on what your objectives are. I think it's a little high for a ST trade (meaning there might be some downside risk as EMC correlates very highly with the overall mkt tone and direction....), but if you want to own this for a while, it's going to make you a ton of dough.
It easily moves +/- 3-5 points in a day, so you could daytrade it and get your scalp.
Was that too thorough an answer? <G>
Put another way, I didn't write puts on EMC this month, and have done so successfully for the last 14 months......Put premiums will increase for EMC in April, since they do their earnings. I don't think there is much risk of them failing to made their earnings, and their quality will also be high.
I expect their quarter to be great, they have lots of recco's and with their return to shareholders, they are "the darling" right now. The window dressing this last week was truly FAB.
Split coming (announced) in MAY, depending on shareholder approval (a no-brainer). They are going to authorize 3 billion shares, and have about .5B out now. If we get the stock high enough, they might give us a 3 for 1!!! |
