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To: D.B. Cooper who wrote (11193)8/29/2003 10:14:43 AM
From: Sig  Read Replies (1) | Respond to of 13815
 
Re Petm:
I bgt on the basis of these earnings, at around $20 at the time
So I say, hmmmm beat by 6 cents, raised expectations, good business to be in so it is not a great risk stock
and maybe it will go up to 25, and its getting close
When to sell? Depends on the market, its doing well (for me) so I'm holding
But typically I sell on the way back down (hahaha)
If however, the market goes down I may get short of cash and Petm becomes one I will sell
So thats not much help to you, but I consider a bit less than $25 may be a good point.
What I have are 3 Oct 20 calls, cost $490, now worth $1080 . A bit more up and I should sell them and roll them out , buy cheaper 25 strikes. But thats only if Petm looks like ir could continue up.
Or might buy just one Jan call if all is well.
Thanks for asking,and the reminder, guess I will sell one now
Sig.


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