The last time IMOS shot up to the $19 range, it fell all the way back to the $8 range before gradually climbing back. In retrospect I wondered what a protective put would have cost me, and what I might have gained, if I had locked in a put in the $18 range? Today I'm not expecting any kind of a immediate or significant pullback because I think the IMOS story has now been discovered by WS. However, if the pps keeps rising, we will soon have a lot of people and/or institutions sitting on a lot of gains who may want to cash out, thereby causing a pullback, and I wondered if any of the longtime posters here are considering buying some puts for insurance purposes? If so, at what pps and for what time period? TIA
Bob, just putting another one out there for you to look at BOSC had it on watch list for several months and believe I had it on the list I put out there a while back. Its making a lot of headway and up quite a bit lately. Take a look and do some DD on it. I may take a position on some pull back soon.
I prefer stop and stop limit orders myself. That way one can lock in gains. Like to place the stop high enough above my purchase prices to lock in good profits and far enough below the current trading range, not to have them go through too easily on noisy short-term motion.