actually I did not make much if anything ... was concentrating on my gold - silver spreads at the time and decided not to be distracted by any other equity holdings at the time
Note there are options on this already, maybe easier to buy with limited risk. Or sell. Things still trading like 30 was a bad #
May be it's time to use "options stock repair". [ http://www.asx.com.au/investor/options/how/library/stock_repair.htm ] Writing covered calls - (selling calls against stock) Or more active, if You have 500 shares, buy 5 LEAPS, and sell 8 (8/10) short terms call options when nice high move. Do not sell options below 20 days expiration or below $: 0.50- Buy back the option when the price fall 40 to 60%, sell again and again. With the money of selling calls, when high, buy LEAPS put, sell 2/4 short term puts during swing down. again and again There is like (small part) a collar initiated, with free cash (part) of selling calls... Dont forget the delta, buy back the short term expiration options Like that you are able to sell again at the higher price... every time when nice swing moves... artes (Philippe) Solar http://www.linkcity.be/fr/nasdaq
no need for smart traders to repair anything, since they sold long before this busted. The whole 'repair' notion is pretty ridiculous anyway.