Thursday, August 30, 2007

small risk... great reward...

SHORTS/PUTS
1) DELL
i hav my jan22.5put and added DLQUE sept25put i underbidded and actually got in, didnʻt want that really. Mr. Dell sure did a good job in spinning/buying time with WallSt, saying all the right things, slightly dodging SEC. but i still think they stink and u got people suing them. bottom line, WallSt doesnʻt expect much from them anymore. and maybe iʻve missed the boat playing sept. i went off on reports of marketshare going down versus every other PC makers. iʻll hold the Jan contracts, but will look to sell Sept by next week if it trends higher.


2)PALM... Jan10put...yawn... but iʻm still thinkin theyr going down. patience necessary here. even Nokia has an iPhone rip-off. so addʻem up RIMM/AAPL/NOK, not to mention Samsung all smashing PALM in smartphones. with Palmʻs delays in delivering itʻs new OS, and uʻv got a winner (hopefully).

housing shorts: LEN/DHI... too expensive to get in? for me yes... u cud consider buying on any good housing news... i donʻt hav anything in them anymore...

LONGS:
RIMM on the other hand ran outta steam, it wantd to break! i got Jan113.5call. anyway, the bleeding reversed nonetheless. i got that Sept earnings date circled with some protection going into January. iʻd add OCTcalls a couple days prior to earnings. reward far outweighs risk...

AAPL. i remain disciplined to wait for Dec at the earliest and Jan MacWorld to jump back in. weʻll see wut they show on Sept 5... i wont budge...

VMW. it still depresses me that i sold so quickly. tho the calls options are there. it mite turn into another GOOG, RIMM in people bidding that thing up... they will face competition with MSFT joining the scene, but I.T guys love VMware... best of breed is what they call this company.

No comments: