re: " 6 points up and not a comment on the board "
I've been commenting, and buying.
The 150 out-of-the-money leaps I bought the day the stock hit 24 look good today. Actually, I sold some (not that lot, earlier ones I bought when the stock was at 31). I've adopted a policy of steadily selling into any strength, in anything I own. Still hold a total of 200 contracts, however.
Although SAP is still near the low end of its trading range, the PE is quite high, the techs are rotating out of favor, and, given today's runup, there is bound to be a correction (down, giving back 20-40% of today's rise) in the next few days. I'll be buying again, if that happens. And, if it doesn't, then I'll be very happy to hold for a year, and sell my LEAPs when the stock hits 80.
It's amazing to me how the boards are full of optomistic comments after a big runup. I just sold all the oil drillers/service stocks/funds I bought last December, and that thread now has about a 100 euphoric posts per day. The prevailing investing strategy seems to be: "buy high, sell higher". Whatever happened to "buy low, sell high"? |
