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Novation Companies, Inc. Message Board

  • unagi_boy unagi_boy Dec 8, 2004 12:50 PM Flag

    will it just go up 80c an hour all day?

    That's the current rate, which would generate a close about 53. (I don't expect it.) The momentum is beyond what I hoped for. Let's hope for 2m volume. I'm wondering how far this could go long-term? 54 seems too easy now. I have limit sells on my speculative Jan 45's set at 8.5 so they should sell when the stock hits 53. I'm wondering now if that is too soon but I am going to be away from the computer the next couple days...

    u_b

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Nobody ever went broke taking profits.

      I'd say that especially applies to options (about which I know almost nothing).

      2m+ vol looks like a lock.

      I think I'm seeing intraday support around 50.60

      What do you think?

      Regards,
      Rick

    • IN terms of selling at 53--all depends on what you think is going to happen to the dividend. (Also what price did you pay and what are the tax effects--short orlong term)

      If the optimists are correct and the dividend is going up to around $8 you are selling way too soon regardless.

      • 1 Reply to yando1946
      • They are Jan 45 calls. You expect $8 div guidance by mid-January. I think your on crack! (jk) With short dated calls, you have to sell before any correction and just take your gains off the table in my experience.

        When do you expect a $2 div - by what point next year?

        u_b

        <<IN terms of selling at 53--all depends on what you think is going to happen to the dividend. (Also what price did you pay and what are the tax effects--short orlong term)

        If the optimists are correct and the dividend is going up to around $8 you are selling way too soon regardless.

    • MOASS may happen after all.

      10+ million short shares stiil to cover. Possibly quickly if margin calls go out.

 
NOVC.PK
0.3144+0.0024(+0.77%)Oct 31 3:25 PMEDT

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