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Focus Media Holding Ltd. Message Board

  • paultradestoday paultradestoday Jun 6, 2008 3:25 PM Flag

    Everbody has an opinion

    This board really gets going with the price pundits. Everyone has a shot at telling us what the price will be at the close, on Monday, on Tuesday, on weds, etc. Gadzooks!

    If you are a trader then this stock has been kind to you. Or…

    If you are an investor and are buying now…you have yourself a winner.

    But, if you were a trader in 1q08 around $50 looking for $80 and averaged in after the SMS problem, you are very much like me because I turned that trade into an investment. Now I’m in at xbar of 41 with 6900 shares til the next earthquake, government restriction on internet, banning of advertisements in elevators, banning of billboards bigger than 8 inches by 10 inches, cancelation of the Olympic games, Nuke explosion, financial scandal, terror plot or massive revolt against Fried Wontons.

    So, here’s what I’m going to do…
    next support is at 30.65...will bounce from around there on monday probably in pm after todays capitulation...never buy this stock while its sliding down. good bet to buy as it claws its way back up towards resistance...options expire June 20th so no need for shorts to cover yet. i'm encouraged by the Jul option action. i will buy more small blocks next week as it goes up into expiration week. Call me a crazy kind da guy!

 

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