Discussion in 'Stocks' started by whitster, Mar 19, 2006.

  1. Any thoughts?

    I bought some shares at average price of $10.98 on Friday.

    I also picked up some Aug Calls 12.5 and 15.

    my feeling is that, like many emotional friday selloffs, it is overdone. I also suspect, with the exceptionally high volume of shares traded, that it is loaded with shorts in the 10-12 range.

    I've done a fair bit of study of the fundies (which I do on longer term spec's vs. my short term trades), and they seem solid, especially the cash on hand/debt.

    Generally, as a contrarian, i like to buy on panic and sell on euphoria, and Friday defined PANIC

    any thoughts? Discussion?

    My time frame (on the calls) is 3 months or so, although I will start unwinding when (and if) VPHM gets into 13's or it is June, whichever comes first.
  2. picked up a little more today just under $10 and sold 1/2 of those @10.50

    still holding my core. i'd like to see a little short squeeze action
  3. VPHM now hit 13 (premarket) and my calls are up over 50%.

    sold 1/2 of my calls

    lurv VPHM