Awhile back, went Bert talked about shorting stocks, I did some imaginary trades involving Delta Airlines (DAL) and DAL in the money put options (DALOU.X). When I started looking at them they were 15 cents each. Then the airlines got some sort of temporary good news and they went clear down to 5 cents each. But, just like a compass pointing North, the airlines continued to suffer under the combined strain of high labor costs and high fuel costs. So then they went up to twenty five cents. Sell here and reap over 100% profit (each nickel makes them go up about a third. I don't know exactly how that is figured). I continued to watch them and they are now at twenty cents. They expire Mar 19, so they are continuing a time decline that gets worse, but DAL is doing so poorly that I think they might go up again, but I am not sure enough to buy them. But, it would have been relatively easy to make money on them in that time frame. I don't know about commissions on options. Are they a lot higher?? If you were really sharp and bought them at a nickel, you could have rode them to 25 cents. How much is that? Lots.
IMH looks good. COH has earnings coming up in April. Time to pull the trigger on the tech stocks? I think the Nasdaq has more correcting to do this year...
I found a stock on so many positive screens that I stopped counting. I think it was at least six. It is Coach (COH). Must be the new in sportsware. Also one on three screens including insider AND growth AND analyst. Also paying almost 10.7 % dividends. It is Impact Morgage (IMH), a morgage REIT.