Good trade. But that's what I hate about these Inut stocks and their cousins; it's like a high ante, low limit poker game. I've been looking for situations where there is a lot of downside but the whole world doesn't think so. For example, bought some OAT (debt/equity >5; price/book like Dell's) Jan00 puts. I might be wrong, but at low risk. If OAT does anything wrong, or if the market in general craters, there's a lot of downside. Others I own like this are KR, FRE,& KBL. I recently sold some AES,HSY, HNZ & G. I'm trying to buy some on GIS, VCI, and looking at CVC & AVP. Obviously I'm going to eat some of these, but I like the leverage on the winners.
And Mikhail Bakunin is right--the short timers are more fun. But I'm not smart enough to time. If I was, my SCH Apr 110 puts would've looked real good today.-g- |
