Hello,curious about oex teenies.Hit a lucky trade 1/3/06(oversold-RS2).Bought @.90,sold few days later @$5,went on to hit $11(I just stared in disbelief)This was very extreme,because of Christmas low volume selloff,anyone else follow these teenies.thanx
(1) No. If you're have short option positions that have collapsed to teeny premiums, you should offset them because the risk-reward ratio is no good to the short holder. (2) If you're long a bunch of teenies, it usually means you've let a small loss grow into a big loss. That's a no-no. (3) If you try to hit home runs by buying teenies, you'll eventually strike out too many times and lose all of your money. (4) If all you can do is trade teenies, it means that you're undercapitalized. (5) Teenies? Leave them alone.
Second teenie play of 2006.Bought 580's@.15,sold today @1.85.Great expansion on pullback.Thanx for your input.
Would this be termed revisionism or outright BS? Where is the post with the opening order? You seem to be unfamiliar with the space-key.