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Rare Element Resources Ltd. Message Board

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  • Jettababe18 Jettababe18 Jan 26, 2011 7:57 PM Flag

    I bought @13.8 when it went down from

    sell covered calls,

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    • Lol JettaBabe. I laughed when I saw your name here. I'm a long @ NEWN.

      I'm over on the REE board reading comments hoping to see some pumpers. Waiting for this sucker to jump to 16+ so I can short it.

      REE is my favorite short play, I don't see any stock worse than this one. Rare Earth are in a bubble and that will come crushing down in 9mo-1year, waiting for my time to short. Whats your take?

      • 2 Replies to anythingwilldo58
      • Obviously, you're a lot smarter than Jetta.

        REE is a ponzi scheme. It's two guys and a truck who hired the three stooges and a pick to drill a hole every 10 days in their worthless pile of dirt to bilk bagholders of their money.

      • i don't know what you are thinking, this sector is just starting to gain traction. this is a long term play so i'm not shorting, i own the stock in the single digits so when the stock was making a correction i sold covered calls deep in the money. i had some shares taken away from me but that's fine sometimes the house get to win.
        yesterday was the first day i became bullish on the stock, i'm thinking about buying back my covered calls should the pps continue to gain traction, which i think it will. i'm holding my shares and playing the options as the shares pps swings up and down, so far so good.

 
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