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Post by brosin on Nov 11, 2010 14:01:43 GMT -5
52 wk low is $19.82
current price approx $20.60
Will the 52 wk low hold before January 1st, 2011?
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Post by Arc on Nov 11, 2010 14:26:55 GMT -5
No way will this dip below the 52 week low. I own it. hahah  .....or maybe thats a sign to sell I now took my first bite. ;D |
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Post by dzech00 on Nov 11, 2010 14:38:00 GMT -5
Voted yes, I bet they take out all the stops just below the 52 week low, then it recovers.
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Post by Arc on Nov 11, 2010 14:53:00 GMT -5
I still cant get over how they shave 16%!! For a company this size that amount is insane!!!
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Post by brosin on Nov 11, 2010 14:54:22 GMT -5
Exactly Arc - we're talking massive money that has exited which shouldn't be taken nearly so lightly; damage is done I believe
(I voted Yes)
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Post by tajmahal9898 on Nov 11, 2010 14:59:10 GMT -5
I am long for dec.. scalped 13 cents today.. ~40 cents yesterday..
buying diagonal now - 100 contracts
long dec 20 calls for 1.1
short Nov weekly for .10
net $1 debit or 10K
b/e 21
max loss 10K
max profit -- unlimited -- reality around 20K
will write short call every week against long leg as I discussed last week..
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Post by tajmahal9898 on Nov 11, 2010 15:01:36 GMT -5
filled 100 contracts
long dec 20 calls for 1.07
short Nov weekly for ..07
net $1 debit or 10K
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Post by sp7015 on Nov 11, 2010 15:19:41 GMT -5
Exactly Arc - we're talking massive money that has exited which shouldn't be taken nearly so lightly; damage is done I believe (I voted Yes) This thing has traded 10X daily volume. That is an impressive amount of shares on veterns day holiday. More than likely this is going lower. In my opinion it is best just to stay away because this could continue to dive. |
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Post by sp7015 on Nov 11, 2010 15:21:23 GMT -5
Also all the money that has left CSCO will have to find a new home to make up for the lost tech spot for the mutual funds.
So basicly there are better places to put your money now.
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Post by tajmahal9898 on Nov 11, 2010 15:44:44 GMT -5
Also all the money that has left CSCO will have to find a new home to make up for the lost tech spot for the mutual funds. So basicly there are better places to put your money now. I think you have a point if someone has a short term perspective say Nov opex.. but 17% haircut of company like CSCO on a single day... that doesn't make sense to me.. I will continue to write weekly calls on any pop against my dec long calls.. |
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Post by brosin on Nov 11, 2010 15:45:58 GMT -5
i like that you're playing it for Dec taj
maybe even january just to be safe - in the case we do go for 1130ish and not only for 1175, it might take a little longer to get there and come back than we all think right now; definitely happened that way this summer for example
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Post by tajmahal9898 on Nov 11, 2010 15:51:10 GMT -5
i like that you're playing it for Dec taj maybe even january just to be safe - in the case we do go for 1130ish and not only for 1175, it might take a little longer to get there and come back than we all think right now; definitely happened that way this summer for example I am given myself 5 weekly sessions to be b/e.. average 20 cents per short call if it is not called.. if it does get called, most likely i will be in money because of potential increase in the long 20 premium.. this way i am limiting my max loss, but keeping an option open to make realized profit.... |
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Post by timber on Nov 11, 2010 15:51:47 GMT -5
just put csco away for a rainy day here
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Post by brosin on Nov 16, 2010 10:44:25 GMT -5
gotta be close to a bounce now
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Post by Arc on Nov 16, 2010 10:46:34 GMT -5
gotta be close to a bounce now Man I hope so! ;D |
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