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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Mattyice who wrote (39329)	9/17/2010 11:55:05 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78764

re GFRE leaps - the problem with GFRE's leaps is that the bid/ask spread is roughly equivalent to the bid price. That's a 100% markup basically if you pay retail (ask). you can pout a GTC order in of course with your price and leave it there but very likely, you will only get filled of the stock moves against your bet. As on option play, i'd rather get into puts for something completely overvalued like CRM or OPEN. At least there is liquidity in the options even though the premiums are quite steep (due to volatility). Heck the 70$ 2/2011 puts for CRM are only 1.5$, anybody think's it actually worth that much (70x earnings)?