Puts

EXPE... is a horrible short...

I don't know when you guys will learn never to short the strongest stocks in the market...

Every rally the market gets the stock will go up even more.... by the time it starts coming down.. you are already stopped out.

Never, Never, try to pick tops.... rallies will always go on longer than most people think... just look how many people got burned shorting EBAY.
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I agree with TrendFader. EXPE has higher highs and higher lows ... not a candidate.
 
Quote from DagoTradin':

Anyone else buying puts today?

I started adding July $65,$70 puts on EXPE
and bought some JNPR $12.50 Oct puts

Thoughts?

EXPE just looks like the perfect short from this high $60's level -
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Why did you buy puts? What's the plan?! Did these equities reverse/top?

Ice:cool:
 
I bought the puts on EXPE because I feel the top is in and there is plenty of chances for bad news in this market as opposed to good news right now.The travel industry is so fragile at this moment with SARS , Terrorist, economy bla bla bla...any negative impact from one of these events and stocks like bubble boy EXPE should get killed.

As for JNPR the stock is overbought and I can see it retracing back below $10 over the next 1-2 months.

Thoughts?
 
Quote from DagoTradin':

I bought the puts on EXPE because I feel the top is in and there is plenty of chances for bad news in this market as opposed to good news right now.The travel industry is so fragile at this moment with SARS , Terrorist, economy bla bla bla...any negative impact from one of these events and stocks like bubble boy EXPE should get killed.

As for JNPR the stock is overbought and I can see it retracing back below $10 over the next 1-2 months.

Thoughts?
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Here are my thoughts...

First of all.. I dont think its a great idea to place a short based on a possible future terrorist attack...

SARS is alreay priced in.. its very old news...

As for JNPR.. there is no such thing as overbought.


--MIKE
 
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