LDK and SATC taking hits as expected. Added more SATC this morning. Now for an actual longshot in the near term, like 60 days or less. Be warned these type trades are not for the faint if heart. Could blow up and leave you with nothing, or next to nothing. That said, I like CFW as a trade. The company sucks and the management sucks even worse. BK is a very good possibility. So why buy? They're on the block for sale and quick. Broken up they're worth a couple bucks. If some how, some way this team of stooges manage to avoid BK, it could bump the price up and then sell it. best case is the thing gets bought and the PPS should see a nice bump. I'm talking double from where it's at today. Take a look, do your DD, and again, this is a HIGH risk trade. Oh yeah, it's thinnly traded as well, if you weren't scared off already. Good news is, it's actually up today. High risk speculators I'd say. Isn't anyone in their right mind "investing" in CFW. Disclaimer. I'm long SATC, LDK and just bought CFW this morning for the trade.
OK beer drinkers, here's your chance to fund your next 12 pack. Buy HOOK as an earnings play. Thinnly traded most days, but volume up prior to earnings which are suspected to beat estimates. Up today, but giving some back. Tight stop and sell the news.
It looks like the great news you mentioned is already priced in- would have been nice to buy 2 months ago before it went up 100%.
If you bought LDK yesterday below 7 as suggested you got a nice pop this morning. SATC kinda' flat. No issue, I'm long and it's a good spot to accumulate. CFW seeing some action as expectation of a buyer gets stronger. HOOK stumbling around like a drunk, but it's a hold until earnings. I'm also long GLD Oct. 122's with a small short hedge in SLV Oct 17 Puts. I'll probaly lose in that play. I almost always lose in options. I should stay away, but I like playing Craps and options are like craps to me. Stupid, I know, But WTF, it's only money. Small money in the options, so it won't hurt too much if I take my usual beating.
Sold 60% of my CFW this morning. Came a little too far, a little too fast. More comfortable now waiting for the sale. It's all profit now regardless. Holding steady with the rest.
A blast from the past. ABAT, one of the all time great calls in this thread early on. No longer a .ob and I'm liking it for a breakout from some sideways action. Slow mover now days, but a decent play none the less. Trade it around a core position.
Sept. 38 Puts on VMC. lack of construction and shovel ready projects sinks this ship. If it ain't happened already, this year is a bust.
ABAT running this morning. Keep an eye on it cause it can run away in a hurry. That said, it can fall apart in a hurry too. Everything else performing as expected.
All is well, except for this stupid VMC trade. Who is buying this dog, and ruining my stellar performance?
QCOR is contracting a bit in anticipation of a pending FDA approval by Sept. 11. I like it, but have a Put for downside protection. They don't get it, or the FDA slows the process, the stock will suffer. Typical spooky BioTech trade.