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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SwingTrader2006 who wrote (5876)	8/9/2007 5:45:51 PM
From: RonMerks	Read Replies (1) \| Respond to of 50726

Who's buying, who's selling and who's talking smack so they feel better about getting their asses handed to them over the last 15 months <vbg>? Now I know that this strategy is not used too widely by many of the posters here. But, I actually find it successfull to sell when stocks break out and rally $25 in a 48 hour period like GS did in its move from $175 to $198 from Monday to Wednesdy. Now I only got about $16.38 of that $25 move in my shares, but I got over a double on 3/4ths of my calls. I still am holding huge premium from the put sales and I am definitely looking to buy back my shares and more calls. To be honest, with the news of that Frenchifried Foo-Foo Bank that got caught holding all that 'ugly American subprime toilet paper'- silly me was holding out for a penetration of that $175 low from Monday. I set some bait around $167.50 just in case we got a real downdraft. But damnit- we didn't get close enough for me to buy back either my shares, or add some calls. Now my puts aren't anywhere near their strike- so I'm still sitting on some fat double-digit premiums that turn into a huge windfall next Friday. Hard not to make a lot of money in either direction on this chart. But, only in one direction in this one<vbg> And on IPSU? Well I kind of like this chart from a trading standpoint. From $27 to $32 and back to $27. Given this market- it looks more and more like a widows and orphans stock after all <vbg> And as far as being a turd- in this market it's held up pretty well compared to the DOW and especially some of the other turds floated here <vbg> Ron