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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Mark Johnson who wrote (8661)12/7/2000 9:22:37 AM
From: Amots  Read Replies (2) | Respond to of 30051
 
Think again (If you can. -g-)



To: Mark Johnson who wrote (8661)12/7/2000 4:19:32 PM
From: mishedlo  Read Replies (1) | Respond to of 30051
 
<<<Please let earnings suck. Very heavy in puts>>>
Looks like Ciena beat earnings.....no early Xmas for you....

dailynews.yahoo.com

Well in spite of those earnings I sold at the open for a 60% gain. Could have reloaded or shorted at 98 for another trip but I did not have the guts.

Shorted RIMM today for a 2 point gain
shorted PMCS today for a lousy 1 point gain
closed out AMZN leap puts for a nice profit
closed out CSCO leap puts for a small profit
closed out IBM puts for a reasonable profit

holding lots of cash
RIMM puts - very underwater
BRCD puts - very underwater
BU$$ calls - from even to underwater

The BU$$ is my hedge against a rising market
the puts are my hedge on a falling one

cash just looks good period