Save some ammo, since Microcrap looks like it will be a good short if it makes it up to 25.34 a Hidden Pivot. We have a small, losing put position from way back when, but re-shorting the stock at the target looks like a promising way to recoup the loss.
Microsoft Corp
MSFT – Microsoft (Last:23.77)
– Posted in: Current Touts Free Rick's PicksWe hold four _____ puts @ ____, and the market could not be less kindly toward them, since Microsoft has been buoyant at a time when option volatilities have collapsed. Still, October is a long way off, and I doubt that the software giant's fabulous earnings news -- i.e., that it met Street estimates by laying off a whole bunch of workers -- will propel this rally very far. Sit tight for now, and keep in mind that our objective is to spread off our already small premium risk when the stock turns weak.
MSFT – Microsoft (Last:19.59)
– Posted in: Current Touts Free Rick's PicksI gather from the chat room discussion yesterday that tous le monde took the recommended trade, buying eight ______ puts for an average 0.58. There is no urgency about spreading off these little pups, nor should we get nervous if Microcrap tacks higher on rumors that Windows 7 is not quite as crappy as Vista. In any event, our goal will be to leg into vertical put spreads if the stock falls hard in the coming weeks; or if it falls only moderately
