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Beazer Homes USA Inc. Message Board

  • coolhand73_945232000 coolhand73_945232000 Nov 2, 2005 5:41 PM Flag

    The Market, She Humbles...

    Wow, did I learn a lesson the last few trading days! I made a killing on my Nov 35s when the new housing numbers were released and wisely dumped all of em between 34.75 and 35.10 for a 200% profit. So I figured I'd reload the puts after an expected mini-rally and put 20% into some more Nov 35s between 36 and 36.50 and the rest in March and May's. I got too agressive and watched a month's profit disappear in two trading days. I'm sure the longer-terms will be just fine with time, but the Novs are almost worthless. Might as well let em ride and hope for the best...no point dumping em now. Anyway, just a lesson learned and maybe y'all can learn from my mistake too...never re-load short-term after a huge gain!

    Regards,
    Rob

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