Friggn ERTS Is Back Where I Said It Would Be

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July 19, 2007

ERTS is back to where I sold. I knew it would happen.

EBAY is taking a huge hit today. My options are down 70%+ I’m hanging on because they are August calls and since they are almost worthless now, why not wait for the oversold bounce at this point? Ebay could be down on options manipulation to begin with, so I’ll reeval next week.

I did sell my Ebay 32.5′s this morning before Ebay dropped more. I lost 32% on that trade after being up 32% as of yesterdays close. Lesson learned – I became a pig.


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