If you are going to play in the RNN game then you need to have a two year horizon for the big money. Remember DNDN. It went from 4 to 50 in a several months after a couple year wait. No guts No glory.
If you do not have two year horizon you should get out. There are going to ups and downs in RNN. The reward can be a $25.00 stock over time. If you are looking for a quick hit for nickels and dimes you are in the wrong place..
I agree with your buy but your horizon maybe a little short. I hope you are right but I am prepared to wait 18 months to 2 years for the big money. $25.00 in two years. Remember DNDN 4 to 50.
The most important thing that I know about options is that it is fast and furious with a lot of risk and reward. No one should play the game without a lot of education and a strong risk tolerance. No matter how you play the game you can lose a lot of money. So only use money that you are willing to risk. This thread has been very educational and I did not know that my original post would generate so many responses. May all of you make a ton of money no matter what side of the trade you are on.
No Guts No Glory.
vik2play, you are talking chump change, nickels and dimes. I am looking for big dollars. .RNN could be a 25 dollar stock in two years. Remember DNDN went from 4 dollars to fifty dollars. How many shares did you have when you made your 222% profit?
danindenver33, options are always a big risk, but the reward can be great. This is a speculation bet that additional news will be forthcoming in the next couple of weeks. Selling options especially if they are naked is a dangerous game. But you have been at it for thirty years so you know the risk of the game. Have you ever been caught on the wrong side?
Anyone looking for instant gratification should look elsewhere. This is a one to two year speculation hold. The risk is great but the reward can be even greater. Remember DNDN 4 to 50. No gut No Glory.
You are making a lot of sense., Anyone looking for instant gratification should look elsewhere. There are big risk owning RNN, but the rewards can be even greater. Remember DNDN. No guts No glory.
I miised the DNDN run because they halted trading two days before the their big announcement. This big explosion in RNN is about one year from now, if it happens. But I will not be late for that party. Anyone looking for a short term gain without some pain should move on. No guts No glory.