Bidu about to tank down below $80

Discussion in 'Stocks' started by Rearden Metal, Jul 26, 2006.

  1. Yeah. I'm doing it.

    I can't resist some drama in an otherwise boring week.
     
    #141     Oct 31, 2006
  2. gimp570

    gimp570

    This stock will make ya crazy.....i am nuts
     
    #142     Oct 31, 2006
  3. 4 90 long call butterflies, 7 95 long call butterflies (they're cheap, what can I say)

    plus 1 100 nov long call, 1 105 nov long call, 1 80 nov put.


    can't make up my mind... figure either the virtual strangle or the the butterflies will end up profitable. not spending too much on volatility here.

    the straddle pricing was attrocious. with IV being so high, you'd need something like a 20 pt move to just to breakeven.

    i'll try to scalp the underlying on announcement.
     
    #143     Oct 31, 2006
  4. thorn

    thorn

    man, this thing was a better sale @ $96-$99 before that stupid piper thing sent this thing down $10, but its hard not to throw the dice here anyway. I like excitement, and this stock provides it.
     
    #144     Oct 31, 2006
  5. And down she goes!!!

    Drop, mofo, drop!

    :D
     
    #145     Oct 31, 2006
  6. thorn

    thorn

    covered my lot at $80.01

    I put this buy order in at 4:01pm, and it was filled at 4:31pm. I got lucky today. And this is good, because i haven't been very lucky this month.
     
    #146     Oct 31, 2006
  7. Here comes the most USELESS amazing call ever!

    EFUT is trading at $34.60 now. It will be down over 15% before the day is done.
     
    #147     Nov 14, 2006

  8. No shares available for shorts over here. But geez that thing is silly.
     
    #148     Nov 14, 2006
  9. I can't believe its trading 45 now!

    It'll be down over 25% from here before the day is done.
     
    #149     Nov 14, 2006
  10. BCE

    BCE

    Probably needs to hit 65 first.....................kidding. Kind of like the old IPO days. :)
    http://finance.yahoo.com/q?s=efut Click on the 5 day chart.
     
    #150     Nov 14, 2006