Open intrest on the Jan 2.50
whent UP a bit. I have a gut feeling
that once these contracts expire worthless
the short covering will be in full force!
LUM won't see sub $1 ever again!
Why do you ask? cause the ones who wrote
all those contracts 16000+ which does 1.6million
shares will "free up their shares for sale"
.....well you may argue with me and say that will
be a reason for selling to drive the price down
but hear me out....
the ones who bought and wrote
those contracts are in for the LONG HAUL! not willy
nilly traders they will hold and those who sold short
MUST cover cause you can't have 2 people selling the
same share! The shorts right now are protected cause
1.6 million shares are "locked up" so to say!
Who agrees with me and who thinks the opposite
will happen and LUM will go under 0.50 ?
My guess is it's either one or the other.
The pink sheets or serious $$$$$$$$$$$
Could the smart shorts be covering already?
Any thoughts on my babble?
Here is what lloo is talking about. It's called a Synthetic Long Put and it would put pressure on the shorts to cover if executed properly. Good thread lloo. Check out the site below to see how it works.
I still dont get it. I see that maybe some longs wrote calls but who bought them? shorts hedging? so when the calls expire then arent those just rendered worthless? so why would there be a dump or buying of shares. why would a short who is hedging with call options need to cover when his calls expire? really this is way over my head. I hope you are right and a rally convinces other short they must buy and starts a squeeze that takes us over 2.50. all we would need is another catalyst like a good news report fro management so maybe you can write a good explanation to investor relations and they might listen and talk! will be praying for the best but getting ready to deal with the worst.
Ya you know any one who made money
last yeAr? bought MCD? bought GLD?
bought FXE? and then just to offset
$1,000 in gains bought 211 2.50 jan calls
on LUM. Ya right! what a joke! smells like
Bull to me!
Now I have been getting my ass kicked
trying to learn this market for 14+ years with
my OWN $$$$ on the line. Iv'e screwed up my
credit and sleeped in the streets and ate out
of dumpsters but keep comming back for more
will it pay off or will I lose again? you descide!
information is hard to come by
some people would kill their own mothers to
get this kind of info I am about to give.....
well sorry I won't give it I just have been thru
too much just to spill the beans but here is
what I am talking about....
now someone said those contracts could have
been bought 3 months ago. Well they were wrong!
16255 or whatever is an INSANE amount of options
for this tiny wannabee company that can't even
tie it's own shoes!
sorry 16224 and 211 traded on the 10th!
who buys 211 contracts @ 0.05? I'll tell ya
who a sucker and the seller needed to un
load 21,100 shares of LUM quick! Desprate!
not a long term player! and buy the way
LONG Term players do NOT buy options
they WRITE them like I have learned to do!
And you CAN'T Sell unless you buy back the
contracts! Like I said "locked up"
NO ONLY One more week!
You must be a novice trader
options expire this time next week!
If I am correct LUM is in for a
BIG move this week! BIG ofcourse most
of us will just get some of our money
back. :) 0.70 to 1.20 is a %71 gain
in a week!!!!!! WOW!