Less all the Asian, African American, Middle Eastern, Indian, and Hispanics working in the financial industry.
No need to be racist, I don't care what color Obama is, he's a horrible President and leader.
I usually try to make 500-1000% on Call Options, its easy. If LDK continues up between now and January 21st, you'll be sorry.
Mainly for March, looks more like a Hedge to me. Your also forgetting about the number of Calls purchased last week. 4X Average.
I sold calls on the way down and have been playing calls and puts for a while. My average share price is below $5.50.
So yes for many of the same reasons I am bullish LDK now, I was bullish at $12, however as a trader I'm in it to make money, selling calls only 75% gains, buying options has made 1000% gains. Owning the stock is more or less a long term accumulation.
Actually Options are saying plus $5 dinfinately plus $4.80.
So not seeing your "top"
Also, look at January Options, 10K contracts on $9 traded today.
LDK will open several dollars higher and run.
Seen it a thousand times. Insider information leaking drives the stock price higher 100% before any news is released, then BAM! The thing takes off.
99% of the time they never catch the insider trading. Especially when it's most likely comming from Asian sources and the SEC is limited on investigating it.
Are you a retard? You can buy calls well above the current price.
I bought $4.50 calls weeks ago for December 17th.
Seriously what kinda drugs are you on?
So successful Bond Auction could be an explanation? IPO investor conference today in Shanghai couldn't be an explanation? No real positives could possibly be an explanation just short covering?
Well, in that case shorts have a VERY VERY long way to go.
True, however after a drastic move like the one we had from $15 to $2.50 you can review technicals and estimate a time frame within 4 to 6 months. I would be willing to bet we see a climb to $7 plus in 30 to 60 days.
These are just technicals. If LDK had a catalyst it could be sooner, if LDK had a negative surprise it could be later.
Shorts are probably sitting around thinking "this has to come back down soon, it can't possibly just go up."
Here's the thing, a stock can rally just as fast and harsh as it can fall. Only difference is the upside can be a few hundred percent, while the downside can only be 100%.
Here's the other thing. LDK is now at a point were a rally will take it well above the last high seen on the Euro rally. That would trigger a breakout sending the stock even further. With EU leaders more than likely to issue stellar comments following their summit, the likely hood of LDK going higher here is better than the likely hood of LDK going lower.
If the Euro Rallies back above $1.40 LDK and all solar's benefit. The more stable the Euro becomes the stronger the earnings on Solars. So that posses a big problem for shorts in Solar's in general.
Then there's the bond auction, while LDK has not released the results, Bloomberg has reported 500M Yaun at 6.8% that's really good. We won't rally on it until LDK comes out with final numbers though.
Also, there's that darn IPO that keeps comming up. If it is indeed tomorrow, LDK could litterally buy back the remaining float on the company. Or pay down debt, or pay a dividend (highly unlikely), or add several hundred million dollars to their balance sheet giving us more cash on hand.
In all likely senarios, LDK moves higher.
So I'm curious, why be short now? If you have gains take em, you'll never loose money taking a profit.
Bears make money, Bulls make money, Pigs... they get slaughtered.
Nice guess, the big close will be the one above $4.33, that constitutes the double bottom pattern and atleast a 75% retracement back to the years highs. I think we get that retracement and shorts push through those highs on the cover.