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  • brucen96 brucen96 Aug 12, 2008 8:02 PM Flag

    DFR is down by 7% after hours. Do you think it will go up

    You don't think that day traders will be taking their profits and drive this stock down tomorrow?? I am new and have lots of questions. Thanks

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    • If you're long on the stock, forget about the day traders. The first question is one you should ask yourself: Does buying DFR fit into my investment objectives and trading plan? I bought into this when DFR was 1.79 and at the same time, wrote a covered call. My objective was that DFR would rebound to 2.50 or higher at option expiration in October, thus forcing an assignment. Net profit would be the money received from the stock plus the premium received from the covered call less my purchase price on the stock and all trade commissions. If I wanted to play an upward swing, I would have bought the stock based on a technical analysis of the chart and set up an order to execute once a bullish pattern is detected and confirmed.

 
CIFC
6.77-0.01(-0.15%)Jul 22 3:49 PMEDT