BUYING OPPORTUNITY-LOAD UP ON $41.67 AND $45 CALLS
Anyone who saw my post prior to earnings saw that I had nailed this stock. People are taking money off the table today and LO is taking a small breather. This is YOUR opportunity to get in and get good. I was up over 90% on my Calls and I would never panic sell into this sell off. I bought more. Serious discounts are available short and long term. You can see the panic. LOAD UP THE TRUCK. Nothing has changed fundamentally and we are far from the next earnings date. Buy up the June CALLS short term and the Long Term $41.67!!!
I have held LO before and made money. I've been eyeing it recently but it started running before I bought in so I took a smaller position than I would have. I kept some of my powder dry but am wondering if a buck eighty drop is just a small breather or if there is some other non-public news out there. Maybe Obama is going to propose obviating sequester by taking it out of tobacco???
No news at all. I think the institutions who have held for a long while took money off the table. There was two days of HEAVY selling but not by the retail guys. 3 x vol indicates Mutual Fund guys sold and put some cash in their coffers. They don't seem to get is that people will by cig's, coffee, alcohol even in bad times. The Ecigs are ramping up so why jump ship now? I loaded up on CALLS and I am sitting with 1000 shares at $38 and collecting my dividend. Sold 10 calls for protection SEPT $45 and bough Jan $41.67 and $45 2014 and Jan 2015 $45 too.