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Rap Sheet

Author:

Jester Debunker

Subject:

Off Topic

Date:

04/29/15 at 12:08 PM CDT

 

 

READ: 7

RPLY: 1

1

0

RECS:1

Sentiment:

Neutral

EA earnings

With EA earnings next week and the stock currently going down, it may be prudent to consider adjusting a naked short position. The 52-week high is $60.63, the high of Oct 2007 was $61.62, and the all-time high of March 2005 was $71.16. If it breaks above the current 52-week high, and with such strong momentum behind it, who knows how far it keeps going. I'm suggesting either purchase calls around $61 to limit short exposure, or swap short shares for puts around that price.

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