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Star Scientific, Inc. (CIGX) Message Board

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  • daybreak0500 daybreak0500 Mar 17, 2012 12:35 PM Flag

    Nuke John from IV, is predicting >5,000

    One of several reasons why I enjoy your input chipper.

    Balance

    1-'Show me the money!'

    and

    2-"Bottom line for me: I hope I am proved wrong."

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    • he sounds a little disgruntled and negative......like maybe he sold out a month or so back because he thought things were getting a little "overheated" and it hasnt fallen back down like he was probably hoping? just a guess.....good luck

      • 2 Replies to kawallski
      • Who knows...other then what each of us knows about our own positions really. Slattery bailed on star and posting, in/out now who knows.
        chipper I think is here for the long haul with his style of trading/options.

      • "he sounds a little disgruntled and negative......like maybe he sold out a month or so back because he thought things were getting a little "overheated" and it hasnt fallen back down like he was probably hoping? just a guess."

        kawallski,
        Bad guess. The 'negativity' that you think you see in me comes from 30+ years of investing and seeing a lot of stocks pumped up to extremes, to the point where if the company DOESN'T meet those pumped up expectations, then you see and hear a lot of sour grapes, and griping, not to mention a falling stock price.

        I'd much rather temper my expectations from the data we get, and then be pleasantly surprised if Star outperforms. I've been very long this stock (including in the 8 accounts that I manage for others).

        I often trade options using CIGX, including selling covered calls, selling naked puts as a cheaper way of owning shares, and lately I've even bought long-dated calls, the last being a calendar call spread where I bought the Jan 14 5's and sold the Jan 13 5's. This last spread basically says that I think we'll hit our outsized expectations by Jan 14 but not by Jan 13. If that is negativity in your book, I understand your rationale for thinking so. It's purely a matter of timing. What say you to hitting NJ's targets?

 
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