I would love to get this at $3.50 or lower just buy a thousand shares and hold it for 2-3 years when its back up in the high teens and just write the calls on this puppy for 6 months that would be an easy 3k a month for 6 months
And you have just offered an excellent demonstration of why my limit buy at 3.31 will be filled. Despite all the hubris and rah-rahs about this index stock going to $5 and beyond, it is first and foremost a momentum stock. The current momentum is downward, therefore potential buyers are going to wait and see before they jump in. The lower the index goes, the faster it goes lower as buyers move to the sidelines. The only thing to stop the momentum either way is when enough people say "hey, this is crazy... it can't get any lower (or higher)...I'm jumping back in (or out)." And right now, it just doesn't seem to be crazy low yet, does it?
I believe PPT wont let the market sell off. They are manipulating the markets. Look at past weeks, tomorrow will be an up day with some BS news. Watch. I'm buying today don't matter what i just dont want to overpay.