I'm short Ericy

Discussion in 'Trading' started by heilbronner, Feb 11, 2004.

  1. @ 29.91. This company has a track record of disappointing earnings in it's history. P/E is about 130. IMHO ericy is totally crap. In addition totally overbought. Anyway, let's see what happens. With a P/E of about 130 there isn't much space for errors. Ericy management has a strong reputation for doing regular big mistakes. IMHO current upswing is just a fluke.
  2. abogdan


    Do you follow ERICY regularly? Friend of mine got caught short at $21.12. Do you think it might go that low?
  3. 1) Yes.
    2) IMHO not within the next few weeks.
  4. =====

    Been there , shorted $7.00 area in bear market when it didnt have any ''e'' in the P/E.:cool:

    Noticed it not going down much about the time new management came in.
  5. I covered half of my position @ 29.12. Nice intraday profit of 2.6%.
    Try to let the rest ride. :) :)
  6. abogdan


    I have just called my friend and he asked the question: Would that be wise to write april calls at $30 strike price today? I don't know this company, so I would appreciate the tip!
  7. Well, you have to make your own decisions. Anyway, I will give an update on this trade.

    Good luck. :)

  8. IMHO US- options in Ericy are not that liquid, pay attention to the specialist.
  9. abogdan


    Are you still short?

  10. Why do you ask? As mentioned I will give updates.
    #10     Feb 11, 2004