AFFYmax starting to become a real value for a long term hold.
June 21, 2010 Trade alert No Comments16 million shares.
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16 million shares.
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BP is maybe a very good buy for me right now. I feel the valuation the market has put on it due to the risk of litigation costs are out of line. BP may also get the new riser on top of the BOP today which may start collecting oil. If it works (nothing else has so far so I am not holding my breath but it doesn’t need to it only needs to have some success and the stock will shoot up like a bottle rocket or at least that is my thoughts.
I am buying BP under 38 and writting OTM front and back months puts looking for some good news to come out
BP is on sale right now and while that may be great what we don’t know is how long we will be seeing or hearing about how much more oil is pouring into the “ocean” of the Gulf of Mexico (CEO words not mine).
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I am a contrarian trader normally and that often means shorting into stocks that are moving higher.
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Started a long posistion with RICK again. Its been about three weeks or more since I held.
First purchase at 4.85 and this is a scale in with 20% of total purchase at that price.
This is expected to be an overnight hold.
I added to my LVS long today at 6.94 and I am bidding for more (currently at the 6.74 area)