Thursday, October 25, 2007

Beat The Street...But Beaten Down

SNCR & BIDU. all beat expectations and yet my options were smashed prior to announcements. itʻs as if the market was being pulled down. and i have no control over the matter, being that i couldnʻt stay to wait for the market to close.

winners so far over the last 2 months
PALM (puts), RIMM, AAPL, VMW, SNCR, BIDU (acutally just today)

STV, XFML, BRCM... the 1st one really stunk up the joint after the first 2 days since the IPO.

PALM had a weird thing happen...related to itʻs dividend payout as well as a private firm buying a chunk of the company. I have Jan10puts & May7.5puts... and as u might have seen... the stock dove today from 18 to $8... so you would think iʻd be sitting on some 20 bagger... but all these options that were once worth nada are now Non-standardized options... i have no choice but to ask my broker about the true value of the these puts

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