SPLS - PEP - and a great example how risky options can be

So the bottom fell out of SPLS today. I was ecstatic for the 46% gain yesterday, well today was about 50% down on some huge selling off and profit taking. SPLS has been performing nicely for the last several months and some profit taking was expected. What was not expected was the massive sell off that happened after they released financials and hit analyst expectations. That's right, they hit expectations, not miss, but actually met analyst expectations. After the Office Depot numbers yesterday I guess meeting expectations wasn't good enough.

The stock was down 9.5% at one point today. When it started to bottom out I took the chance to pick up 2 SPLS options that had been cut in half by the sell off. I'm telling ya, this is a great company. Several fundamental analysts reiterated their buy recommendations today after the sell of. This stock still has $19.00 written all over it. Its a long term buy, don't expect that tomorrow but get in soon if you want to get a hold of these bargain prices.

PEP is still headed in the right direction. Just wanted to give my backing again to another great company that is trading at a discount right now for no good reasons.

Too tired to type right now, more tomorrow

Straight from the Chart

Disclaimer:
Just to be clear, nothing that I'm posting on this blog is in any way advice that should be followed by anyone else. All investment decisions should be made carefully by all individuals taking into account their own financial situation and appropriate levels of risk. Do not take anything I say for anything more than it is, opinion, speculation, and woefully undereducated guesses as to how I think a few stocks are going to perform.