They pumped this garbage stock yesterday on what appears to be massive short covering, got lucky and grabbed some Dec 25 puts for $1 this morning. Figured there's no reason for this to be up when the market gapped down in the morning.
Thinly traded stock, options don't trade at all. Stock doesn't follow the general market, which is good since I expect the market to pop up for a couple of days (Fri/Mon). Will probably have to exercise when it hits my $22.5 target.
They say never fall in love with a stock but this one is a good money maker for me.
Thinly traded stock, options don't trade at all. Stock doesn't follow the general market, which is good since I expect the market to pop up for a couple of days (Fri/Mon). Will probably have to exercise when it hits my $22.5 target.
They say never fall in love with a stock but this one is a good money maker for me.
Trade closed manually:
Market is going to bounce, I'll take the 50% profit. Absolutely no volume at all.
Comment:
Turns out I was right, good exit point here at support if you're still in.
Comment:
In serious trouble if they go any lower. They better actually make money this quarter or this is headed to zero after bouncing off $18.