Comments on: Blain’s Nightly Stock Picks, June 9th 2008

By: Don’t Buy Stocks Before Your Purchase Price | Stock Trading To Go

Don’t Buy Stocks Before Your Purchase Price | Stock Trading To Go — Tue, 10 Jun 2008 19:35:30 +0000

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By: Blain Reinkensmeyer

Blain Reinkensmeyer — Tue, 10 Jun 2008 16:39:42 +0000

nice call on the CSIQ puts, that must be banking out well right now

By: RayJMan

RayJMan — Tue, 10 Jun 2008 02:48:28 +0000

I’ve been using protective puts as of late. I find those useful as well especially if you find a stock that you are kind of worried about.
I just wait for it to bump up a bit on momentum a dollar or 2, get the put that is just out of the money below at a better price, then if it does fall, enjoy the ride down and wait until options expiration.
I bought a CSIQ 40 put and it’s putting up the fight really well, and I get the chance to play the downside volatality on solar stocks. I’ll have to see how things pan out once I decide to excercise the option to see if the premium as worth it, but without options or tight stops in a bear market, it’s treacherous at best…