I still remember my first big trade as though it were yesterday. Electronics for Imaging Corporation, a printing roll-up was trading in the high $40s and low $50s, implied vol was in the 30s, and reports were coming out suggesting the company was doing everything it could to push sales forward. Apparently, at least one distributor was complaining about EFII pressuring them to take on even more product to hit quarterly earnings estimates. It was bad.
My portfolio was 60% long EFII OOTM put options on the day the company came out and said they were suffering from revenue recognition problems, and after hours the stock tanked 14%. I was on the toilet when I read the news, and I remember that being the best shit of my life. The next day the stock went down 40%+, and I was scrambling around my work's office like a madman trying to find a good signal in order to close out my gains.
burrym, bummer your thread hasn't had a response yet. Maybe one of these threads could point you in the right direction:
Calling relevant professionals! AMRDistressed CRE-Finance @dan0440"
You're welcome.
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