### Comment:
This stock taught me a few lessons: 
  
 1) The importance of having a chunk of cash waiting around for the right call 
  
 2) The importance of waiting for the bottom to start falling out before buying puts

### REPLY:
&gt; 2) The importance of waiting for the bottom to start falling out before buying puts 
  
 Meaning that you don't buy puts or short sell stock upon finding a shit company that you think is overvalued, but rather keep an eye on it and once it starts to fall then jump into action? Makes sense if so. I've been burned a couple times on jumping the gun - something something market stay irrational longer than you stay solvent right?

### END.