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Cree, Inc. Message Board

  • davebugs davebugs Aug 14, 2013 10:15 AM Flag

    Options, tax loss selling

    Seriousely I like to buy calls for JAN OE in tech and was just looking to do so with CREE.

    The premium is significantly above 10% right now.

    Now IMO CREE is a PRIME CANDIDATE for tax loss selling before it gets better. By funds then folks.

    Something to think about especially when looking at short term options like those that expire friday or before end of year.

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    • it's all the way back to where it was 2 months ago. Do you get the sarcasm?
      I expect the only people who took real losses was the gamblers and they don't stay long anyway.

      • 2 Replies to tazmann65
      • It looks bad on paper... or monitor.

      • Kinda my point.

        I look at the simple finviz chart often to help with entry/exit prices. Look at that chart.

        The late money into KLIC I believe was momo money. They have no attention span for actual investment most of the time. So the folks who have added CREE for sake of discussion lets say at that gap up around 50 in March and everything sense are gonna be underwater.

        As I stated last night and today for me if I add I'm thinking it's as much about time (weeks or months) as price.

        I'm just saying I see no reason based on CREE's trading history over the past year to be brave here IMO.

        I see lots of reasons fo rit to bump along or slightly down for weeks/months.

        This will likely bring out buyout rumors again and that may cause a short term pop. If this happens I'll likely write calls again. I'm already thinking of writing the JAN's and hoping to buy them back before they expire.

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