"I should have bought Sun stock at $4 a year ago (...
Alex ยท 2009-03-20T10:58:00
"I should have bought Sun stock at $4 a year ago (but didn't, for reasons I won't bother to go into here)." -- hmmm, what about the fact that a year ago JAVA was over $15 -- reason enough?-)
I got in a few months ago at well over $5 (mistimed calling the bottom of the market pretty badly, not just for Sun but for quite a few of my stock picks) and was very happy to sell at almost $9 yesterday soon after the jump; I would recommend against getting in at $8 or so -- yeah, there's upside, but the downside's even bigger.
Actually I'm seriously considering selling a big bunch of wildly out of the money put options -- most likely I'll just pocket the modest premium, but if the IBM deal goes awry market sentiment will drop off a cliff and I might rake in what's still a good longer-term stock to bet on at a firesale price...
"I should have bought Sun stock at $4 a year ago (...
Alex ยท 2009-03-20T10:58:00
"I should have bought Sun stock at $4 a year ago (but didn't, for reasons I won't bother to go into here)." -- hmmm, what about the fact that a year ago JAVA was over $15 -- reason enough?-)I got in a few months ago at well over $5 (mistimed calling the bottom of the market pretty badly, not just for Sun but for quite a few of my stock picks) and was very happy to sell at almost $9 yesterday soon after the jump; I would recommend against getting in at $8 or so -- yeah, there's upside, but the downside's even bigger.
Actually I'm seriously considering selling a big bunch of wildly out of the money put options -- most likely I'll just pocket the modest premium, but if the IBM deal goes awry market sentiment will drop off a cliff and I might rake in what's still a good longer-term stock to bet on at a firesale price...
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