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Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?

To: dealmakr who wrote (5115)	5/18/2012 7:53:24 PM
From: Keith J	Respond to of 5891

Yeah, been a rough few weeks here as well. KJ

To: dealmakr who wrote (5115)	5/18/2012 7:54:48 PM
From: Robohogs	Respond to of 5891

Yeah, I was holding in well until this week and the dams just seemed to break forth. Huge amount of giveback of gains from previous months. Every single day. Just massive pressure across almost every single stock. Ugghhh! Oil. Energy. Coal. Tech. BUT NOT Nat Gas and Biotech. Jon

To: dealmakr who wrote (5115)	5/20/2012 10:57:11 PM
From: Robohogs	Read Replies (1) \| Respond to of 5891

STX looking very interesting with the IV pricing in now - wish I had waited! Stock above some of my entries which are even so under water. This is more of a fundamental play than most of my trading. Bob Marcin, one of the best value investors first highlighted this on Cramer's site in low to mid teens. I missed it and was waiting for comeback when it exploded to mid 20's. I got involved lightly in lower end of mid 20's. There are now 2-3 players in industry only. And while SSDs are coming on strong, their costs are still an order of magnitude higher. With the cloud, HDDs are in high demand, and with only 2-3 guys, pricing and volumes should be more stable. STX trades at 3-4x earnings, signalling the market expects dramatic drops in profits as WDC gets its volumes back. WDC was signalling expected pricing pressure to be upcoming in its earnings call, but hard to see it getting very intense. Weeklies also interesting here given the high IVs. Keith can chime in but he has posted elsewhere about this one too. Jon