ETFTraderFriends

heilbronner · Jan 11, 2005

Quote from MAESTRO:

Just a reminder. ADBE support level is @ $58. It should hold for a while.

IMHO I will wait for expiry.

Greetings,

Mat

MAESTRO · Jan 11, 2005

Quote from heilbronner:

IMHO I will wait for expiry.

Greetings,

Mat

Yep, that is what I am going to do.

Cheers.

heilbronner · Jan 12, 2005

Just covered half of my position @ 57.90.

MAESTRO · Jan 12, 2005

Quote from heilbronner:

Just covered half of my position @ 57.90.

Good move, Mat. I was just thinking of you as we are still hovering at $58.

EtfTraderLives · Jan 12, 2005

Back in long ADBE

$57.95 avg

MAESTRO · Jan 12, 2005

Quote from EtfTraderLives:

Back in long ADBE

$57.95 avg

A very thoughtful decision. It looks that it might go back to $59. I wrote more of 55 April Puts. The support at $58 is getting weaker though. So, I would suggest writing 60 Apr Calls also to cover your position. Please forgive me if I am too suggestive.

EtfTraderLives · Jan 12, 2005

ADBE $58.40 looks like support for now

iceman1 · Jan 12, 2005

Quote from heilbronner:

Just covered half of my position @ 57.90.

could be a decent ST cover... 57.50 probably near-term downside into expiry... unless market continues slide later today. JMHO

I

EtfTraderLives · Jan 12, 2005

I added to my ADBE position $58.40

Average now $58.20ish

MAESTRO · Jan 12, 2005

Bought my 55 Apr puts back