really using my profits from the BRCM trade,
nothing done yet.
have to wait till it pulls back.
buying at 6 cents limit.
check this out,
Agreed. Changing my sentiment ('cause you and kbeb).
Something is happening with S. Someone said GS (??) has been advising them. I checked GS has them on neutral with short term target of $3. Maybe S found the private equity to fund its new 4G Network Vision.
I am going for risky short term trade.
I just liquidated my position in -BRCM120218P37 (for anice 60% gain) and buying a large position in weekly Sprint 2.5 calls, -S120210C2.5 this afternoon. Expecting to buy at 6 or 7 cents a contract.
Idiot, Not sure what is driving the Sprint stock today.
But last week's volume action was enough heads up.
I bought in at 2.12 and expected a bounce of about 50-60 cents (about 30% bounced from oversold) Expected to consolidate around 2:45-2:75.
But today's price action with no news makes me wonder what the smart traders are up to.
keeping a close watch.
We did better that that day when this "subject line" was created.
Idiot, you are confused. You sold too early.
Do nothing is the way to go.
Those who wanted to sell have been for past 4-6 months.
Watch fireworks next 4-6 weeks.
MS and GS are about to revise their view of S vs T.