Enter BIDU quietly

I bought a BIDU put, it’s a special one.  I’m going to print out the order, then I will stick it in my pocket and pet it.  This is how I will make money from this point on, as my other way of trying to follow trends and go with charting just sucks ass.

JCP did the dirty to me.  Up over 10% today because even though they lost money they think that the future is looking brighter.  F’ you JCP!  If I had more money in my account, I would be buying puts against them like mad.

Instead, I’m going to assume that even though BIDU has taken a beating recently, it’s not yet over.  That’s just a hope.  See, I was told that I should be trading using the hope system (thanks for the advice Squid!).  Before, research just proved I could lose money intelligently.

Buy:
BIDU Mar08 $250 put (BDUOJ), 1 @ $37.80
  stock price when entered $233.60

No idea on my exit strategy.  I won’t be putting in a stop loss on this though.

Anyone else want to follow me on the BIDU is going down bandwagon?