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]]> By: Howard Lindzon » What’s Happening in my little world http://howardlindzon.com/buying-puts-on-ups-and-fedex/#comment-5098 Howard Lindzon » What’s Happening in my little world Tue, 25 Jul 2006 13:41:00 +0000 http://howardlindzon.com/?p=748#comment-5098 [...] Despite another big rally Monday, leaders continue to fall by the wayside. This morning it is UPS. Despite $70 oil and rising rates, this stock held strong, UNTIL this morning. They missed. I have been short for a week and it is being hammered this morning - losing $9 billion in market cap . I will just stay with this one and Fedex for a little while. I hope Michael at Trader Mike stayed short his Expeditor’s. I rarely make money shorting so there is definately underlying trouble. [...] [...] Despite another big rally Monday, leaders continue to fall by the wayside. This morning it is UPS. Despite $70 oil and rising rates, this stock held strong, UNTIL this morning. They missed. I have been short for a week and it is being hammered this morning – losing $9 billion in market cap . I will just stay with this one and Fedex for a little while. I hope Michael at Trader Mike stayed short his Expeditor’s. I rarely make money shorting so there is definately underlying trouble. [...]

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