07-17-2004, 12:25 AM
I did not poo poo it. My post was that there were better value names. I mentioned CFC. Go read my post. Go post it here again for everyone to see.
And that's not the point. The point is that I'm going to make a 1000% return on my BEAS options.
Apprently coincidentally there was an inordinate amount of options traded today. There was one order of 25,000 contracts (2.5 million shares) at 1:00 for December $7.50s at around 1 o clock today, and I bought my pitiful 100 contracts at noon (which means that smart money follows me!).
Could be a sign that some insider trading is going on. Could also mean that I'm reaching for straws and making wild assumptions.
But BEAS has $1.5B in cash and a market cap of $2B. A fucking tech company! A fucking tech company that has carved out a very solid niche in the high-end space, and is not some pissant company with no clients and on the verge of bankruptcy. This thing might not rebound by Sept, but it's pretty fucking cheap right now.
And that's not the point. The point is that I'm going to make a 1000% return on my BEAS options.
Apprently coincidentally there was an inordinate amount of options traded today. There was one order of 25,000 contracts (2.5 million shares) at 1:00 for December $7.50s at around 1 o clock today, and I bought my pitiful 100 contracts at noon (which means that smart money follows me!).
Could be a sign that some insider trading is going on. Could also mean that I'm reaching for straws and making wild assumptions.
But BEAS has $1.5B in cash and a market cap of $2B. A fucking tech company! A fucking tech company that has carved out a very solid niche in the high-end space, and is not some pissant company with no clients and on the verge of bankruptcy. This thing might not rebound by Sept, but it's pretty fucking cheap right now.