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OT - INFN
OT - INFN - I followed Jon and exited the stock today. The logic
of 'decreasing hopes' for PTs was compelling, and when I saw the
low today was around $3.82, I decided to take my lumps at $3.99.
And the fact that I felt I might've made a mistake some time ago
selling 1/2 at $5.09 (when they had their first really big
stumble), which now looks like a good trade. My bets are on NOK and
CIEN, in that order of the holdings. I had thought that I might
(like Jon) hang onto my CIEN calls that expy this Friday @33, given
that yesterday it dipped below that, but it's a big winner today so
far, over $34, and despite the volatility, I doubt we'll see $33
before Friday. But the turbulance is so great, who knows.
So, I've got a little knit bracelet I wear that has "WWJD" on
it. Which, of course, stands for "What Would Jon Do?"
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You could close options for around $0.25 right now and make
money. So weigh that against risk it is over $33 at close tomorrow,
compare to your desire to liquidate anyway, and make a decision.
Factor in anything else you find relevant.
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Author:
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breinejm
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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12/20/18 at 12:04 PM CST
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Thanks, Jon.
Almost pulled the trigger on that when it was about $32.20, but
missed the chance. If I'm lucky, it's sub 33 tomorrow. If not, I
made some money, I'm not overloaded on the stock. It's all good.
Except for the rest of the whole market.
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Author:
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Jam
ok
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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12/20/18 at 2:44 PM CST
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