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i am speaking from very recent experience,,i have two points ,,1.i bought 150 puts when the stock was at 153 in three days i saw the stock go to 220 and it hasn't looked back since,,the second is a friend of mine that i saw after that bad move told me his brother is an executive at rnwk and he said it is going to 250 and the split,,take it for what it's worth,,i would love to see 150 by next week ,,then my options will be worth somthing but that is extremely unlikely,,my first rule never ever short a net stock again no matter how overpriced you think it is because as i've learned these stocks don't trade on fundamentals they trade on market sentiment!!!! |
