..HDI short update..

[scalf]

[img]/images/graemlins/laugh.gif[/img] i recommended shorting HDI about two weeks ago at about 61.50

it closed 57.70 today..

recommended puts are .40 from .20 purchase..

i realize it is hard to sell at ask..commisions can be high on penny options..' but i was able to get out at approx 80% gross profit...

HDI remains technically weak..but hey; ya do not go broke taking a profit...

i am guessing the 55 puts will actually end up in the money.., but i took the cash and ran..

gl

[img]/images/graemlins/shocked.gif[/img] [img]/images/graemlins/diamond.gif[/img]

[playerfl]

good job.

were those options in the money or out when you bought them ?

[scalf]

[img]/images/graemlins/frown.gif[/img] noon hdi down to 57.00/sh.. lol

i recommended aug puts at 55.00/sh at 0.20/put...

now at bid 0.50 and ask 0.55..by selling yesterday i lost (lol) about 40% relative to selling now..lol..of course if ya think like that...duh you'll go crazy..

lol...but it was a good short..nice application of a negative butterfly pattern..

does not work every time..

lol

gl

[img]/images/graemlins/cool.gif[/img] [img]/images/graemlins/diamond.gif[/img] [img]/images/graemlins/diamond.gif[/img]