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Career Education Corp. Message Board

  • michaelvw1234 michaelvw1234 Jan 9, 2004 1:26 PM Flag

    What are the odds that

    a stock that has gone up 10 bucks a share in a few weeks will (short of some dismal news) go back down 10 bucks a crack in, let's say, a few weeks?

    With CECO's current scenario (current prices are NOT new to CECO, Analysts upping earnings, etc) statistically, the odds of that are on all are VERY low.

    Well, I still own a few PUTs for safety, but I do strongly believe they will expire worthless ....

    but the large number of CALLs (for me at least) I own, have already provided a nice profit ... and I will continue to hold them as long as things look "nice" for CECO.

    Also, if you are shorting this stock, it is NOT too late to "protect yourself" with some CALLs. It is not likely that CECO prices will stagnate now.

    IMHO

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CECO
5.64-0.01(-0.18%)Aug 20 4:00 PMEDT

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