More than 25,000 CVA 15 option call contrats sold for Jun 14 at $2.75 each yesterday. This is a very unusual volume typially no more than few hundred contracts exchange hands, the value of these contracts over $5,500,000 . This is a confirmation; a vote of confidence that we hit bottom or very near it.
CVA over sold, it is priced at a bargain and we should see the stock reover over the coming weeks.
I expect 10%-20% gains in 4 to 8 weeks. I got in yesterday and feel very comfortable, it is either we are the bottom or very near it, soon the share price will reverse direction into the green zone.
WU is a good buy, I got in yesterday at $16.90 and I think we should be higher by 10%-20% in 30-60 days. In addition WU pays dividens. For the mature investor with time on his hands, this is a great play.