I am a retired healthcare ATTORNEY so I is very smahhhht...
oh....did I tell you all that I was a healthcare attorney???
bitchjl, like Comrade Blowbama and Tammy the Tampon Queern, IS Bovine Excrement.
appears....too bad I have IT on ignore....I can see that IT posted but can't see what IT posted.
Tammy the Tampon Queern is a very big looooooooooooooooooooser.....I think he has pounded Moochelle because he defends her furiously.
bitchjl has his fat head stuck too far up Comrade Blowbama's butt to see or hear anything relevant. I'll bet, like most DumbocRATic Libtards, he is the cheapest guy on the block WITH HIS OWNMONEY JUST LIKEBITE ME BIDEN AND HIS WIFE DOCTAAAAAAAH BIDEN.....theymake over $500K at the public trough and donate less than $2K to charity!!!
bitchjl,you need to get yoself a glass belly so, when you walk around with yo head stuck up Blowbama's butt,you can see where you are going!!!
I refer to him as Comrade Blowbama and give him NO RESPECT. DumbocRATS are liars and creeps. Comrade Blowbama is worse than a DumbocRAT!!!
Hi Sally. I didn't find my prior post (didn't look very hard...) but the strategy is this:
Buy (as an example) 1000 shares of DCTH for $1.63 on Monday. Immediately sell 5 contracts (100 shares per contract) for the June2013 $2 calls strike price for (closing price on Friday) 49 cents. You invested $1630 (plus commissions), but you collect $245 for the calls leaving you with an buy in of $1385 (average cost lowered to $1.385/share. If DCTH drops, you can sell the remaining 500 shares at any time. If DCTH drops,the cost ofthe calls will drop and you canbuy back for less and keep the $245. If DCTH doesn't runup butdoesn't drop,the call options will drop over time to zero if DCTH doesn't get over $2 by June. If DCTH runs over $2, your 500 shares (and you covered call shares up to $2) will run up. The covered call can be bought back for less (much less if DCTH runs to 3 or 4) and your 500 uncovered shares can run forever withDCTH.
If you need more info, please let me know. You have to have authorization from your broker to sell covered calls but the strategy is safe enough that it is allowed in IRAs.
I have been buying for 2months and everytime I buy, I sell covered calls on the June 2 strike price. I even posted this strategy on this board about 4 weeks ago. The calls are selling for almost 50 cents!!! The strategy is that you get the stock for $1.10 to 1.15 on the covered call and keep the other shares free for the runup and sell them when and if it runs. on the covered calls, you stillhave the potential to keep the 50 cents PLUS make 37 cents on the way to$2,00.
Just my 2 cents....
oh yeah!!! The former healthcare attoooiiney who has made hundreds of thousands shorting but is still short better watch out!!! An annoucement could be made and day now.
Who would risk that kind of profit??? a retired donkey might.
Everyrthing Comrade Blowbama touches turns into cow dung. The next 46 months will be priceless.
Didn't Comrade Blowbama remind you of Howdy Doody this morning?? I went to whitehouse dot gov after Blowbama spoke and told them that he looked like Howdy Doody and 5 minutes later my wife said..."he looks like Howdy Doody"...I said..."he does but Howdy was MUCH smarter and wasn't a liar like Blowbama".
iddr85, that is what I was thinking last night. They must know on 2/28 how the 1st quarter is going and would not likely forecast the growth they forecast if things looked bleak IMO.