Absolutely not. Those are substantially equivalent equities. The data for the audit program is updated every year with all such symbol pairs.
It went up a bunch. Now it has come down a bit. You know that kind of price action is not abnormal. I think it will drop from here. A lot of other people don't.. For a good sample of a reversal, look at today's KKD action.
I like to illustrate the option selling strategy. About 80% of all options expire, worthless.
It looks convoluted because I am in a transition period between my bullish and bearish attitude.
I sold the puts in the more distant past when $10 looked like a sure thing. After the debacle, I expected to get assigned. I was glad to climb above 10. Now, I'm very close to getting assigned. If so, I'll just sell Calls.
Today, I sold calls because the value of the stock has been reduced and this is as good as it is going to get for a while.
It went up for no good reason--people buying on strength. It went down because it was too expensive. It has demonstrated this pattern several times over the last couple of months. Weren't you tempted to buy as the share price started shooting up? It's like a fish going for the bait.
It looks like we are done climbing. I sold short Nov 11 Calls and Dec 14 calls (a bearish move). If it stays above 10 for the rest of the day, my short Oct 10 puts will expire, worthless. I sold those before the share price dilution. TSL has a good chance of being an 9 to 10 dollar stock until the next earnings release.
Don't think so Tim. The supply is high. I take it that you don't read the quarterly oil reserves report. Fracking is killing the price of NG. And we still have almost no ability to export LNG. The Oil companies want to do as much as they can before there are forced to stop. Not to worry, fracking produces a long-term production improvement Regardless, the price is climbing. Even a blink hog gets an acorn every now and then.
Up over 50 cents, and it looks as if it may not drop at the end of the day. It would be great if it was up past 10 by Friday. The short interest is not large (only 4 days to cover) so there will be little upward pressure from the shorts covering. The share price will have to climb up on its own merit.
So, you bought because the price has dropped a lot. I didn't buy any for the same reason. I think "avoid" would be be the best term for BYD for the near term.