Registered: Nov 2005
05-23-13 07:51 PM
Quote from jj90:
Not a real time call but I could care less about cred, I've been short UNXL via OCT35 puts from around 28. Been taking heat obviously, but it's a small position and I really believe even if true, the bullish case has been fully priced in. If the stock fails to deliver or is fake, the entire move could be retraced. Could have timed it better, but this isn't in my trading account and the thesis isn't technical/price.
And for those of you who haven't met ralph, yeah he's abrasive but the guy puts up good calls/points.
UNXL 22.xx, just got out of OCT35 Put @ 16.7 +$2 from 14.7. Was really off on this one and probably should have shorted higher but just glad to walk out positive. I don't care to further spec currently whether this is real or not.