Yahoo reported SRPT drops to 18.85 and
I had a GTC order for $19 since two weeks ago but still it didn't get filled when price dropped to 18.75 today.
Good idea... for past few months, JASO hardly (if any) closes below $9 or above $11 during monthly expiration. Always seems to be closer around $10...area.
But, in order to sell $11 calls, you need to own the commons, right?
Actually, it was determined by the computer trading algorithms and the moment it fell below 29.60 (200ma) today, it triggers a lot of selling automatically just because it was all programmed in.
The rumors are just rumors and usually come up because people are looking for a reason. So, the auto-programmed is not a good explanation for man-in-the-street but the rumors of the boys getting worse are good enough reasons.
No unfortunately, that means the calls will get executed. Your stock will be taken away but fear not, you are ahead at 14c since you sold for 15c.
But, $11 puts seller wins because it closes 1c above it. So anything above $11 will not get assigned.
if it can close 10.99, it should be good enough for the $11 calls sellers.
LOL! What a joke..
Just about one month ago, they all thought GOGO will be doomed.
But, now,.. back to 18.xx as if NOTHING has happened.
Nothing has changed.
So, thank you so much for all the cheap shares... it was a huge opportunity around 11.90 area.
GOGO is heading back to 20's very shortly.
Just to follow up on where we are after 1 month of the so-called ATT news..
So.... it seems GOGO dived to 13..then 11.. now almost back to the same level prior to ATT news here at 17/18.
What change? Absolutely NOTHING!
GOGO still on the same trajectory to expand their business, getting more approvals everyday and International flights esp. JAL.
ATT hasn't even take off yet.... and they're got their attention focus on the TV side: ie. Direct TV.
So, I am saying the same message here. DO NOT panic. If you didn't use the opportunity to buy that dip during the last 4 weeks, that's too bat.
I doubt we'll see 11 again. My price target remains at $26 for this year.
Back then in March/April, I'm expecting to see 40% increase only.. now, it is 120% if GOGO can get to $26 by end of this year. I'm now 30% already ahead because of opportunity of average down to 13.
Just BUY and hold this puppy. You will make money! Don't let them scare you.
It's going back to 20s - no doubt about this. This year target remains 25/26 area.
My double down big buys at 11.75 paying off big time now. Avg cost to 13.50.
I rode this down from 19.. to 17.. to 11..
going to ride this baby back up!
Stay long and strong here.
No reason to sell.
The only reason GOGO was bearish and retail investors got scare is because of competition from ATT.
Look, ATT is NOT going to take GOGO market share anytime soon.
ATT hotspot itself doesn't even take market share away from anyone else except they are losing market share
to small players like T-mobile who managed to execute better.
GOGO is 10 years ahead of the game in Internet for airlines.