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L Brands, Inc. Message Board

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  • foxeelicious foxeelicious Dec 1, 2012 3:26 PM Flag

    TONS of Calls Below, ZERO puts above

    I scaled out yesterday on the extra shares I bought earlier at about 47. I am happy with the gain. I will keep core position and re-buy later when NY comes along and we can see what the socialist govt is doing.

    Sentiment: Buy

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    • xtgeminiman Dec 24, 2012 12:17 PM Flag

      I am long too now. I sold the short at a loss (didn't want to pay that $3 dividend although it DID go below my entry a little before) but made up for it and then some on the short put.

      I am short JAN 48 PUTS at 1.70 (i.e. synthetic long).

      • 1 Reply to xtgeminiman
      • I think that was a pretty good move on your part. I am pleased I felt it was time to wind down positions from those highs, but, honestly, I am looking at these sells off prices and I figure I will be scaling back in very soon. I want to be buying just before more buyers flood back in because there is a settlement of the fiscal cliff craziness.

        I am having a hard time believing Obama wants to go down in history as a President that stubbornly clung to hard core socialistic principals to start a recession. How does that help his legacy which is so narcissitically important to him?

        Sentiment: Buy

67.48-1.67(-2.42%)Jun 24 4:02 PMEDT