Live Nation, one of our shorts, got an u…
Live Nation, one of our shorts, got an upgrade today:
Live Nation upgraded by Stifel Nicolaus Briefing.com(Thu 8:02AM EDT)
The stock is up nearly 3% this morning. Remember when Riverbed was down 5% one day and I said we needed to let it “settle” first. We subsequently picked up Riverbed calls 10% lower than that when the stock had indeed “settled” into a lower range and we’ve now got some big gains on those calls. The point is, that I’m going to let Live Nation “settle” up here before adding to this still very small short common position. I will also be pricing some puts, which would give us big gains if the stock were to fall again in the future, as I expect it eventually will. Not today, though.
