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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?


To: Smiling Bob who wrote (12094)10/23/2007 6:16:18 PM
From: blind-geezer  Read Replies (1) | Respond to of 19256
 
so tomorrow is payday ???
are you taking a day off to celebrate ???



To: Smiling Bob who wrote (12094)10/23/2007 10:00:50 PM
From: lifeisgood  Read Replies (1) | Respond to of 19256
 
AMZN puts were too expensive, given high current volatility. Shorted a boatload of calls instead. Profit margin of this pig is a measly 2%, just like grocery stores. Only difference is grocery PE's aren't 140.

I may hold them to expiration but probably will take nice profit when AMZN goes back to still outrageous PE of 30.

best...

LIG