The stampede already happened....did you miss it? You might get another couple of dollars to the downside, but that is it. Not really worth trying to catch the last couple of dollars to the downside. So I say possible $2-$3 to the downside, and possible $20 to the upside. lol, I will gamble to the upside and protect for a downside move by buying a few puts to cover my upside position.
There might be a push downward on Monday to try to scare longs out and hit some margins. However, this will be short lived and the stock will continue back up. This was the bottom....however, you might get a couple more dollars to the downside.....but I would not wait to cover any short position that you have.
Someone needed money at any cost. Might have been a forced cover on another investment or someone just taking a year end tax loss. NAVB will go over $2 soon, and I have been selling puts since the $1.11 day. I also bought quite a bit of stock that day, but have sold it to lower my now very low cost basis. Eventually the stock will get to a true value of what we have approved and what is in the pipeline. Right now our pipeline is valued at $0
The report will be posted on the EMA board before the market opens on the 19th.
Go to the ema website and look for the CHMP meetings and meeting results.
The company will release the results after the report is posted, because NAVB is always slow to post news(shame on them, but that is the way it is).
I am gonna collect a hefty premium on both lots. That was the easiest money I ever made in 3 days.
That would throw a wrench into the shorts run. Would be nice.
You are a liar. I guess that sums it up.
After Hours Volume: After Hours High: After Hours Low:
698,979 ......................$ 24.58.................$ 21.02
That would be a kick in the ??? for the longs.
The problem with the gift at $1.11 for the shorts was that the longs were also buying hand over fist. I started buying at $1.26 and bought all the way down into the dip and kept buying as it recovered. Not all of the shares traded went to the shorts.
Wrong, the next Euro meeting is next month and we will not hear any news until the 19th....before market opens.
That would take out all the puts I have been selling at $2 to $3. Can someone out there that has a few $10,000,000 dollar bills laying around just put in a market order....no limit orders please.
Surprised I saw your post, I have had you on ignore for over a year.
Yes dinx, and that means the ride down did not hurt me. I will get to keep the premium from the Calls previously sold, keep the stock if it closes just below $56, and also keep the premium for the puts I just sold. The premiums on the options are really high on this stock. If I get put the stock, then that is good. If it gets called away, then I will buy it back. In either case, I only get hurt if the stock price closes well below where it is now.
Increased deman by 7 fold in one Q? That looks like demand to me, but then again, I actually read reports from companies.
Just sold the Nov 29th $54 calls. That was a nice week of options trading in Cree. This is a long term up from here, but I try to close out during the holidays. Otherwise I can not relax.
That was a good gamble, bought between 4¢ and 7¢ and just sold for 23¢
I am gonna go buy my onw buffet meal now.