If you stay out until November 5th you will miss some great trading opportunities. This stock is played like a yoyo by the market makers. Still, there will some events announced over the next several weeks having nothing to do with earnings that will make WLT move back up over $16 and then probably fade again in the $15's. I bot 100 November 15 calls on Friday at $1.20. I believe in the next month I'll be able to sell them for $1.50 to $2 each. This strategy should yield me between 25% and 75% in a months time. If I heeded your advice, and Jim Cramer's, I would miss out on this trade. Bookmark this and look at it again in a couple of weeks. If I'm wrong I will have lost some money and will have to find another idea. If I'm right, I would like to know what Jim Cramer has in mind to do better. GLTA
do you really believe this? or you are just dreaming. As I said yesterday, this is a repeat of July 11-24. Today is the same 24rth, yesterday was like the 23rd: the day BTU announce earnings. If you want to see how this is going to go until the 5th go back to August 3rd.