OK gents. Just bought my first shares couple of days ago, and added today. Also picked up a few Dec. 15 calls couple of days back. Was a big investor of QCOR for about a year and thinking of implementing the same strategy here. Just buy shares and calls every day for the next few weeks and then let it fly.
Everything I have seen tells me this is just another BS drop caused by the short cartel. Looking to double my money through shares and call in the next 6 months.
Thanks jsjcoley...if you buy the stk and sell covered calls, I am not sure how you'd double your money if stk keep getting exercised (or not!!)....if you dont mind, can you pl explain your strategies...
Not selling calls(yet). I'm buying calls as well as buying stock. Actually I did sell 19.00 Jan. calls on my shares I bought Monday in one account. And once the stock moves into a more reasonable range( 17 to 19 area) I will certainly sell calls on my shares. But i am essentially doing what i did with QCOR which was to just slowly build a base of stock and Call options over a 2 to 3 week period.