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market speculation for October

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  • Originally posted by disneysteve View Post
    You're welcome. I actually had an open limit order at $7.20 so I didn't have to follow it. One reason I don't do more trading is because I don't have the time to watch things well enough.
    Fair enough. Actually, I was just kidding about selling... although I thought real long and hard about it in the low 6's. Still holding 89,000 shares, and deciding what to do...

    g

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    • Originally posted by gambler2075 View Post
      Fair enough. Actually, I was just kidding about selling... although I thought real long and hard about it in the low 6's. Still holding 89,000 shares, and deciding what to do...
      When it dipped down near 6 a few days ago, I actually thought about buying more. I just didn't have the time to do it. I also didn't have any available funds in my SEP-IRA account and didn't want to buy it in my taxable account. When I do my taxes, I'll be able to add money to the SEP so I'll have a little more to play with.
      Steve

      * Despite the high cost of living, it remains very popular.
      * Why should I pay for my daughter's education when she already knows everything?
      * There are no shortcuts to anywhere worth going.

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      • My sell has not gone through so I'm still holding. The April puts I sold are getting close to worthless now so that's a 50% gain headed towards 100%.

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        • Anybody understand why AFFY is moving. I'm not seeing news to support the breakout.

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          • Originally posted by Slug View Post
            Anybody understand why AFFY is moving. I'm not seeing news to support the breakout.
            "Affymax Raised To Buy From Hold By Auriga
            8 hours 27 minutes ago - DJNF


            (END) Dow Jones Newswires
            03-11-11 0611ET
            Copyright (c) 2011 Dow Jones & Company, Inc."

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            • I saw that, but one analyst switch creating this much of a move?

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              • Just checked back in on AFFY...you guys made out pretty well so far...might get to $8 soon.

                I missed the AFFY play, but I am doing quite well in AVNR. Last week for some very strange reason the Jan 2012 $2.50 AVNR call options were selling for $1.25 when the stock was trading at $3.80. In other words, they were selling BELOW COST with no time value. I bought 100 contracts (all I had not tied up in other stocks in my IRA) at $1.25 controlling 10,000 shares. Now they are trading at a more reasonable $1.55ish (still not much time value) and I am still holding...hoping for maybe $2 an option soon. I have never ever seen an option sell below cost before....I wish I could find more of these "deals"

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                • What's the latest folks? I'm glad I got out of AFFY before the new issue plummeted the price to $5.90 or less.

                  I just put in my SEP-IRA contribution so I'm looking for something to buy. I'm still holding my CBOU which has finally ticked up enough that I may sell it and then move into something else with that money plus the new money added.
                  Steve

                  * Despite the high cost of living, it remains very popular.
                  * Why should I pay for my daughter's education when she already knows everything?
                  * There are no shortcuts to anywhere worth going.

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                  • Still stuck with lots of AFFY and will basically double my position if the share price remains below $6 in mid-April when my put comes due. The follow on offering was brutal for me. I haven't "lost" anything, but I can't do anything with this $ in the meantime until it recovers else take the loss which I would do if I knew of somewhere better to put it.

                    In the meantime I made some money on EWJ calls, FOLD, NVGN, MSHL, and CHMT. I still have all of these positions.

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