I could once again take some nice profits in Jcom but this time I doubled my initial position. Bought twice as much @26.30. 
Let's see what happens.
Let's see what happens.
A long in Jcom
- Thread starter heilbronner
- Start date
UUpps we are already @ 26.92, sorry.But it took some time to write this post and then I normally check the spelling. Two minutes can make a difference.
Already @ 27.07. If I would be short Jcom I would run as fast as possible. Anyone short here on ET?
Sold half of the position I bought @ 26.30 @ 27.38. Still long the other half additional position.
And of course still long position @ 25.98.
And of course still long position @ 25.98.
So this is a whopping realized additional 4.1% intraday gain.
Short the puts ... uhhh, guess that makes me long. Not running anywhere thank you.
Quote from BlueHorseshoe:
Short the puts ... uhhh, guess that makes me long. Not running anywhere thank you.
I see some puts on my screens falling as much as 50-60%. Nice.
I see a reversal and I smell a short squeeze.
Short % of Float (as of 8-Oct-03): 37.06%.
Last quote: $ 29.00.
LOL.
Short % of Float (as of 8-Oct-03): 37.06%.
Last quote: $ 29.00.
LOL.
Just sold the other half of the position I bought @ 26.30 @ 28.68 with a gain of 9%.
Still long initial position @25.98.
Still long initial position @25.98.
To sum up there is a realized gain of
14%
+ 4.1%
+ 9%%
= 27.2%
and an open position that is 10.5% in the green(at least so far).
14%
+ 4.1%
+ 9%%
= 27.2%
and an open position that is 10.5% in the green(at least so far).