From the posts here, it appears that most “authors” are long ONXX, unhedged and try to convince each other that this is the right thing to do. Also, according to a well established Yahoo board tradition, whoever has a differed opinion is labeled as “shortie” and insulted. This is a very dangerous practice. Is it really so clear that ONXX did the right things lately? How about the result of the latest “offering” and its outcome, still a mystery? Are we going to hear today how successful it was?
I am long ONXX and, as a hedge, I acquired “iron collars” in which the number of puts bought is larger than the number of covered calls (sold to open).
Good luck to everyone!
You are sniffing in the right direction, but your first guess is wrong…Who and why is pushing it? Why this timing? I have also seen it before...$DDD http://stks.co/e0VE Hint: guess who is buying it during the last 30 min of trading, after they announced a PO ?!
You guys might consider putting a "collar" on this dog, i.e. buying puts besides selling covered calls. Puts positions can be managed independently of the covered calls, which are tied to the stock positions. Good luck to all!
Hello guys! I am not a regular and this will be, probably, my only post here. I noticed that some of you like GALE and would like to buy it, but are not sure at what level to enter. I have 2 charts for you, which might be helpful. The links are for “twitpick”, where I posted them. They are free and only show that, in my opinion, the retracement of GALE is normal and one should not despair. As you can see, by 2 different sets of criteria, a support in the zone of ~2.08 might be considered. If it falls through it and fills a previous gap, 1.72 could be a next stop. However, major “fundamental events”, like the announcement of a public offering or the acquisition of GALE by some big Co., could disrupt the value of TA.