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Joined: 28 Dec 2005 Posts: 11986
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Posted: Wed Aug 23, 2006 1:33 pm Post subject: Thu: Buys EBAY KBH Sells DIA SPY |
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Thu: Top Buys EBAY KBH Top Sells DIA SPY
Primary Trades:
DIA held up better than SPY. However, if SPX rises into the high 1,290s, DIA Oct 110 or 111 puts, or SPY Oct 127 or 128 puts are buys. EBAY Sep 27.5 and 30 calls are buys, on pullbacks, with Oct 30 puts to hedge, if EBAY rallies.
Secondary Trades:
KBH may continue to be volatile, and Sep 45 calls are buys on pullbacks.
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Primary Trade: An intermediate or long term trade. Timing can be off substantially. Volatility not a factor. Risk is low to moderate. Potential return is often moderate.
Secondary Trade: A short term trade. Timing must be accurate or volatility must be high. Risk is high. Potential return is high.
Secondary Trades should be generally avoided, although considered. Note: If Secondary Trades are taken, they may affect Primary Trades. |
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