I bought the ADBE aug 30 calls day after earnings at 3.20 trading at 2, not really an options trader so advice would be appreciated. Would it make sense to buy more here, sell what I have or just hold to expiration? Thanx.
Advice from opton traders
- Thread starter gunslinger
- Start date
I mean aug 25
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Gunshooter;
Dont give advestment advice.
May bounce a bit @ $26;
but its below 200 dma, weak,
down YTD, more weakness
more gaps down YTD than i've seen in a while, more weakness,
time decay is really about to bite you, more weakness.!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Surely wouldnt buy more or hold it;
comissions are cheap,would sell,bid 2.10 now
Wisdom is profitable to direct
Quote from murray t turtle:
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Gunshooter;
Dont give advestment advice.
May bounce a bit @ $26;
but its below 200 dma, weak,
down YTD, more weakness
more gaps down YTD than i've seen in a while, more weakness,
time decay is really about to bite you, more weakness.!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Surely wouldnt buy more or hold it;
comissions are cheap,would sell,bid 2.10 now
Wisdom is profitable to direct
There is no decay in those, they're a dime over intrinsic.
I appreciate the input fellas, will hold and not add. Merrill came out after their quartely update on Mon. and reiterated their buy recomendation. They said that some may have been disappointed as ADBE didnt raise theri guidance.
Not that they would have an ulterior motive..
All kidding aside, do NOT base your trading on what the analysts say. Not the quickest way to the poor house; it's the scenic route.
