That might be the dumbest thing I've ever heard. Let's pay $200 million to acqui-hire talent, or secure IP that deals with crunching marketable data, and then not use any of it. Just cut your losses on your short, or puts and stop playing the fool, it not a re-run of FB's IPO.
No. Why would I, and other investors rush in the front door if we thought it was a bad thing? TWTR licenses it's data. Topsy, now owned by AAPL, pays for and crunches that data, it's a win for AAPL who needs to compete with GOOG, and needs that data, and it's a win for TWTR who is in the business of licensing that data, except now Topsy has the entire support, demand, and instantaneous rollout of AAPL's ecosystem behind it.
TWTR sells data, and now one of the largest companies in the world (AAPL) is a guaranteed buyer of it. That is why the last two days are what they are.
It's about TWTR's historical data (firehose). AAPL bought Topsy this week, and is the reason I and other investors shifted from "wait and see" mode to jumping in on Wednesday morning. I took some profits as we neared my near term $46 target, but still long. I think a lot of shorts are going to get hurt when this doesn't play out like the FB IPO. Look at how tight the spread is on targets; analysts are playing it safe. Social is the new frontier, I'm long TWTR here.
Oh please, you can't keep up with me on my worst day. BIOL is a totally fearless buy and hold investment. But I make plenty of calls ahead of events that are spot on in any one of my 20-30 investments, both short term and long term plays, and reveal strategies to capitalize on any direction, which takes the air out of any argument that I'm a permabull. How about today's action to sell NFLX, and buy TWTR? If only I announced that this morning; oh wait...I did lol You only wish you do what I do ;) Keep warming the bench captain buffoon, if you would have met me ten years ago you would have found your "tenbagger" many times over, instead of losing your butt, and being a perpetual bashing loser. Take notes, you might learn something about investing. Still very bullish AAPL too, though I traded both sides today for profit, but who's keeping score? Only you are dumb enough to pick a fight with a guy that clearly is above your weight class...sit down.
In other news I took profits on NFLX this morning (close enough to my 370 target), and picked up TWTR, in anticipation of a lift in it's future data rev since AAPL procured Topsy. So what does an investing guru like Cowbell think about BIOL? OWN IT! Don't think about it, don't trade it, don't poke, play, or stare at it, just own it.
To be fair, there isn't even a class, or lead plaintiff at this point. Going to be dismissed.
You know that's not true, I've explained options strategies on this board in real-time to help others make or save money in a variety of market conditions, in fact my synthetic short netted more than your actual short. Logging in as jr instead of tenbagger doesn't mean you get a pass on stuff we already went over. By the way 1:10 reverse split would be bad news for you, imagine if all of retail employed a credit spread, or leveraged their position?
You're welcome, and isn't it ironic that Friday after the bell the 13D was filed revealing a new large holder, and then Monday it trades up 10%? Basher's heads are so far up there own butt, they can't see the sun. It's all available on the Biolase website under SEC filings in the Investor's section. Also if you add your email address they'll send you updates so everyone can be in the know too.
I'm just sharing the...what's the term you always use, but never actually do? Oh, yeah, facts. I'm just sharing the facts with investors that might like to know that someone has acquired 3,447,331 shares of BIOL recently. I don't see any real information in your assault, not that I'm surprised; you're really just the equivalent of a mental midget, and I set my expectations accordingly.
I did manage to find a few minutes Wednesday morning to trade my own thesis; went bear to bull for what I think should be a 10.00 -10.15 range before testing 8.75. Probably have to take profits this week on the short term rally play, or wait it out. Likely will enter some puts until selling exhausts itself, then picking up actual shares, and setting up a spread.
This would be a great place to employ a spread. Take a position, reduce your exposure selling covered calls, and reintroduce capital gains exposure with calls of a higher strike price. Can't find my notes right this second, but I think there were two numbers in close proximity at 8.73, and 8.78. But the spread insulates you in against downside volatility. It's a good tool for investors that are sure a sucker's rally is the real deal, and can't stand to be out of the stock because "this time is the bottom for sure" even though it's not :)
Can't be more transparent than that; my next three moves laid out ahead of time...
Let me clarify; you are indeed stupid as you have rightly pointed out, but not just in the mind of one or two posters.
Don't be fooled by what appears to be inactivity. Feinberg / Oracle has been accumulating heavily at the current price range (lucky guy). Wall street has a short term mindset, but investors, or as I like to call them, owners of companies, need to have a longer view than just the next 90 days. Don't trade BIOL, own it.
Sometimes I just need a general sense, let's call it a gut feeling, that in reality just unconscious processing of the data; stare at enough numbers and they fall in to place without much thought. My 30 second answer for nailing down figures would be to use Fibonacci extensions on the range you mentioned, and the 10.67 - 15.62 range, then look for overlaps in the results. I see a continued overall bearish trend looking at the max date range. The short term EMA of the MACD is still Below the longer EMA.
Timeline matters here; if you said I have a week to live and want to gamble, I'd say go long with Dec calls and catch the short term reversal that the RSI is pointing to from being truly oversold, investors will say "The storm is over!", and push it up. But I don't think it's the reversal needed, and won't last. If you had 4 -6 weeks to live and wanted to make a calculated gamble I'd say pick up some puts for the 8's price that's coming, and if you had 4-6 months to be patient I'd say go long, and don't worry about catching the bottom.
If I was going to be present today, I might take a position aimed at all three scenarios, especially the short term play, but I would do it with long expirations as a hedge, that way if it didn't materialize those calls can be applied to the long term strategy.
Good luck, and since I can't be here today, do me the honor of making some money.
You're just jealous that I have a viable strategy, while you struggle to just tie your shoe laces. It takes all kinds to make the world go 'round, I'm sure you're needed...somewhere...else.
I thought you said you were taking a break from bashing; just like every other time you said it. lol "No I'm a totally new basher, not the same one with all the same tells" Captain Buffoon is Captain Buffoon, no matter how many aliases you create. Besides if you didn't think you could impact price you wouldn't be here, maybe you don't affect price, but I do ;) Even missjohn said he bought because of me, I made a committed basher buy (no pun intended) lol Put that in to your Psych 101 equation. Just wait until they give me a 1:10 reverse split...
Absent today, had to set a limit order on my puts before the open, assumed 1.25 for a 9.00 event, high was 1.10, but I bet the bid / ask spread was close to my mark at some point. 9.05 - 9.10 would have pulled me in to selling the put position in real-time. Anyway, I'm suspicious that a near term sucker's rally to $10 could be lurking around the corner before we test low 8's as our bottom. Probably MIA tomorrow too.
You're welcome, put me on your Christmas card list, or better yet, give assistance to someone else when the time comes. My hope would be that I empower others to take control of their own money, and make decisions for themselves. I get it wrong plenty of times, and you will too, we just need to catch the right answer with the right tools enough times to come out on top.
With the Tony Robbins speech out of the way, this is where being a guy is helpful. Finally some reward for the inherent non-committal nature guys possess. Maybe I like a stock, but just for a little while, or maybe I can't decide if I want to get up close and personal with a stock, or see other securities. Sometimes I will get lucky calling a top or bottom, but I rarely set out to do so. Timeline, and how involved an investor wants to be in trading all render different strategies, I can be a buy and forget it investor when I need to be, I also like to get in the mix and throw a few punches sometimes. Last week I successfully traded NFLX many times intraday, but I don't advocate such trading as reliable for long term growth.
To answer your question in light of what I took the long way to say, I will transition over a period of time and prices. We just want good buy / sell points, they don't have to be the absolute top or bottom. It is likely in the low 9's that I will be totally non-committal and buy a straddle. In effect playing both sides, I will hold calls and puts until a new trend can be identified. There's no hard and fast rule to transitioning except for major events, otherwise I move gracefully in stages.
Often times with short term trades it is a wait and see game, and making corrections as you go. Hind sight is always perfect, but you can't make money on yesterday's action. We look at numerous outcomes, and try to find the one(s) with the highest probability of occurring, then bet on that horse.
According to the SEC the board can proceed without shareholder approval. Can you explain your assertion?
Part of the reason we use options is to reduce risk. We don't do ats and outs, we like in the money with less implied volatility. I started the PUT action at $15 rolled them over to $12.50, and today I absorbed the extra premium on $10's. Taking $230-ish per contract out and parking it in cash. The $15's would be more profitable to hold straight through, but I'm hedging my bet, or at least reducing exposure to loss for a mere $20-$30 per contract. The last purchase could be a total loss, and I would still net a profit.
This is simply the reverse function of when we were buying calls to play the upside a month ago. We're not reinvesting gains, and we're not leveraging, just sticking with stock replacement because any sudden reversal can easily be tolerated. Setting up the right play is as important as knowing which direction to bet on. You won't always be right, so having the right setup will keep you from wanting to jump off a bridge when you get it wrong. Did anyone employ the credit spread when we discussed it? If you did, then you know this price drop was almost painless for you.
I opted to hold SDR, didn't need two of them on the books. That being said...
The short term play is to the downside. Investors were looking for a higher distribution that likely would have meant a high teens price. The trust is gonna have to take the medicine. Buying opportunity is coming, not ready to abandon my bearish stance yet. The market looks at the last distribution as an indication of more rapid depletion of reserves, but I'm not so convinced. Might start shedding some puts around 9-ish? It's going to be about timing, I think higher prices will return.
There's just too many things we don't know about the well production, like maintenance and operational fluctuations. Did wells hit water? Did they lose volume? Were they offline for one reason or another, was production choked to regulate output and they got it wrong? Were there any disruptions in the supply chain? They make their own electric was it stable? Did handling waste products get in the way of output? Was collection and distribution held up for any reason? Those answers make big difference in the meaning of the results, the market is quick to punish light production, I think that may be an opportunity to get discounted shares for the next distribution. More wells still need drilled, and there's lag between drilling and actual production, things still aren't 100% up an running.