Some Thoughts for September 28th 2006
Okay, our buy put options (or short selling positions for you who hold it?) is going very green. Today AMD opened $0.34 lower. I think they closed $0.6-something lower yesterday, I have to check my account for that. Don’t cover your position just yet, I think it can go down more than $4 next week (quite some profit you got there ;-) ).
And for today’s idea, I think we can watch NVDA. It’s just dropped to sell position by ThinkEquity. The technical doesn’t support the recommendations but there might be fundamentally wrong with NVDA. Options scandal maybe? They are delinquent in its regulatory fillings.
Update: AMD is gaining upwards momentum right now, let’s see where it will headed
