Friday, September 23, 2011

Two More Shoes

DNS -391, -83, -37.

Trades:

I bought put options on TM and SPRD. I figure with a deepening recession, Fords and Chevys are cheaper than Toyota (and Lexus) and businesses still tend to by domestic brands. Their stocks also have a lower multiple.

With SPRD, a lot of people have made a nice profit, and won't want to lose it. Once the stock starts to slip, there will be a race for the door.

I had low-ball limit buy orders in for ARR, but the stock didn't spike down.

Reversal alerts: (2), JKS and NFLX. NFLX has a decent reversal pattern, but I'm not sure the negative sentiment has subsided. Someone will be buying at these levels though.

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