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February 15, 2005
U.S. Equity Markets Tuesday, Feb 15, 2005 15:56:48
Captain Ka-ching is back!
A quick look at the monitor shows that my recommended short put on Sandisk (NDQ: SNDK) has worked out. Sandisk has moved up from $24.81 to over $26.40. Not a bad call on my part.
The Sandisk put is offered now at $2.05, bid $1.95, and has traded at $2.00. You could have sold it short yesterday morning at $2.75, as I recommended in my Week In Review last weekend, and bought it back today at $2.00 for a 37.5 percent gain in less than two days.
After noting some anchor changes at CNBC, where usually the good ones leave, I am disappointed that a bipolar maniac is taking over Dylan Ratigan's 6pm spot on CNBC. I really liked Ratigan, but what do I know?
"Mad Money with Jim Cramer," will replace "Bullseye" today. And Larry Kudlow apparently will be allowed to continue to amuse us with his "Kudlow and Cramer," where Cramer will also stay on as co-anchor.
This is mind-boggling decision making at its best until you realize CNBC is after all Financial Entertainment Television.
Posted by Posted by Bill Cara on February 15, 2005 03:54:44 PM | Category: U.S. Equities