4 replies to this topic

[tommyt]

here's one I bot that hasn't moved yet. Notice the dry up in volume on the last weeks selling:


http://stockcharts.c...5400&r=4602.png

[ogm]

I'm long a little bit of that one. And I sold sept 45 calls on half of the position. Good 6% trade.

[OEXCHAOS]

That's one that I wouldn't buy with even greenie's money. It is going to bounce, but there's ill defined and potentially life-threatening trouble in that one. Mark

[selecto]

Agreed, its a toxic trade. Just wait until the lawyers start chewing on them.

[ogm]

That's one that I wouldn't buy with even greenie's money.

It is going to bounce, but there's ill defined and potentially life-threatening trouble in that one.

Mark

Nah, its going to be allright. Buffet's stock. Yes, business may be hurt and growth is shot for the time being but there isn't really any competition and demand for services will remain.

Company is completely discredited at this point. Everyone hates it. So it can't get really much worse.

Can be a good covered calls play too, like PMI.

I have a stop under 43 on that one. But honestly I think it has room for improvement here.

Agreed, its a toxic trade. Just wait until the lawyers start chewing on them.

Lawyers are out of luck on this one. If you read their disclaimer, they aren't responsible for anything. Their business is their credibility... and now its stomped into the ground. So you can bet they'll do anything to rebuild it.

Edited by ogm, 31 August 2007 - 03:57 PM.