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[kaiser soze]

Rationale : 1. Stock is in downtrend 2. RSI 2 is overbought 3. W%R is over bought 4. Earnings are out Its a small position mainly because I'm using Aug'07 puts. But I will add using Sep puts if needed.

[kaiser soze]

Rationale :

1. Stock is in downtrend
2. RSI 2 is overbought
3. W%R is over bought
4. Earnings are out

Its a small position mainly because I'm using Aug'07 puts. But I will add using Sep puts if needed.

Update :

I sold my puts for a 200% profit. It was a small position so I did not make a killing but it was definitely better then a sharp poke in the eye.

Again, I'm afraid I may have closed my position too soon, but thats okay becuase I was playing in the Aug OTMputs where premium can evaporate very quickly. Better to take what they give you and run.