Buffalo (BWLD) Announces Stock Split
18May2007 Filed under: Intraday Trading Author: OptionPunditThis is my speculative play for a short term. BWLD announced stock split and I would like to benefit from the upside movement that we’ll see in this stock (my bias). This is at near 52wks high and will face resistance till $81.75/$82. If that’s gone, it’s open for no limit.
Here is the chart and you’ll notice nice strength in the stock.
Profitable trading, OptionPundit
BWLD, intraday trading, stock split play5 Responses to “Buffalo (BWLD) Announces Stock Split”
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This assumes a $10,000 starting and fully invested capital. The current phase started when OPNewsletter was re-opened in Jan'08 for Feb'08 expiration. OPN Month is counted as 3rd Friday of each month same as US Equity option expiration day. Comparison with S&P500 or Dow is not shown as it's unfair to expect from such large institution to deliver high returns. I would rather compare with my own target.
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Been There, Done That
jdemeis
May 18th, 2007 at 9:48 am
Have you considered a similar (stock split) play on CROX?
OptionPundit
May 21st, 2007 at 12:49 am
Hi Jdemeis, No I didn’t look at CROX from split startegy point of view. I look for certain parameters before I rally choose which split play to invest. I think I overlooked crox. Hope you made some money with it.
Profitable trading.
OptionPundit
May 21st, 2007 at 10:44 am
Since I sent the alert on this pick, the stock is almost up by roughly $5. Congratulations to those who traded this. I am long (via Bull put strategy).
OptionPundit
May 23rd, 2007 at 1:01 pm
glad to see this flying so well.
BWLD : Closed for 30% Profit | OptionPundit
June 4th, 2007 at 9:34 am
[...] I had shared an alert on BWLD to registered OP users and then posted it on OP on May 18 (BWLD announce stock split). My porfit taking order was filled today. Closed it for 30% profit. [...]