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Profits and Layoffs, by AGS


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Greetings All,

although not excited with P/C this time, I've opened some longs today:

naked SMH 40 calls (Dec)

BZH Dec and Jan (95/100) bull spreads cheaper than 2.20.

SMH calls are naked, BZH are hedged with OTM puts.

Might be wrong on these trades, but will just repeat what

I've been doing before: prudently buying the dips. One day

this will fail, but only once :-)

Good luck everyone.

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