Thank you yrrema and drstocks.
Now thats advice I can use!!
I agree, chasing stocks like lemings is dangerous.
I've fallen prey to the herd mentality and now try to use
Any suggestions for a good option play and a long term buy?
Who are people shorting?
Speaking of USS, they have a load of new products recently introduced overseas and should be here soon. They also have many things in the auger.
Yoffi, if you are interested in buying and selling options, read at least the chapter on futures and options in Barrons
Guide to Making Investment Decisions ( Chap. 6). The authors also give you some more technical books to read, if you are still
game. Two things to remember: (l) although almost all buy and hold stock investors make money, only about 10 to 25% of options
buyers break even, (2) most only play the game for a few months, and they quit because they are tired of losing money, or cleaned
out, or both. Some people make big money playing options, but they are real pros, have a lot of information about the stocks they
play, and they know when to bet and when to fold. If you get a kick out of high risk behavior, this may be for you, but get into
it with your eyes open.
Don't look now, but I think somebody, who was rude as @!#^%, tried to scare you away from options playing. They are smart to do so, but not for the reason that ignorance gets slaughtered.
The market historically has followed an inertial pattern upward. Why do I say 'inertial'? Simple, because prices go up when people invest. Keep in mind that most investors know little or nothing of economics or of the companies that they invest in. So when prices go up, they tend to snowball in that direction.
THAT IS WHAT IS HAPPENING NOW!!
When the market corrects, it will correct as for as selling sentiment takes it.
So, Yoffi, be samart about the investment game but DON'T WORRY ABOUT CLASSICAL ECONOMIC THEORY. Just follow sentiment.
My favorite option tip: Buy puts when a high flying company fails to respond to good news. Buy calls when a sound looking company recently went down and volume has petered out on the way down.
AS FOR MED DEVICES: Be careful- Only those companies having an "in" with a buyer or inventory manager of hospital or PPO, HMO will succeed. BEWARE THE FATE OF US SURGICAL. Good products do not always a good stock profit make.
Who knows what the truth really is? I'd put a little on each horse because AVE, GDT, and BSX are all good companies with
good products but no one has the "perfect stent" yet. GDT and BSX have good sales forces, AVEI apparently has a dynamite stent
but that doesn't mean they are gong to put BSX and GDT out of business. Besides, all these companies are working on next
generation stents and the "new balloon every 3 months" scenario will probably be repeated with stents. I think it's going to be
neck-and-neck until one company can consistently beat the rest and bring the best product to market. right now, stents are where balloons
were 10 years ago. Stents will be the cash-cow, no question. I like GDT and BSX and am waiting on AVEI.
Do you have any experience in options that you would like to relay?
With a hot stock like BSX, is the risk high or low?
Where will BSX $ be in 1 month?
What does "open interest" mean? Does it guarantee that the options will be sold if there is numbers in the open interest?
Any would be great.
Can anyone tell me the best time to sell call options for this stock.
I think it will go higher.
Is there a possibility that no one will buy these options....could they expire without someone buying them or is it guaranteed?
OK....I'm ignorant........I'm not sure how they work but I'm currently making some money.