By your way of thinking we should have had a buyout on that run above 50. Even Adam Frankenstein chimed in on that one. Then poof, it was all gone.
I gave up selling calls because I feared making 40 cents only to see the price go to 50. I did sell some 37 puts last month though. Got the stock handed to me Monday just before the run up. Good luck.
2 thumbs down for that comment? Weird. I was happy to take $1.40 in 3 days on those puts. And true to my word I bought plenty yesterday but also sold Dec 55 puts for 3.70. That means it has to drop to $51.30 before I lose money. People are betting big in both directions, volatility is where the money is boys.
Sentiment: Strong Buy
I agree the volatilty on this baby is astounding right now. I made money this week selling the Nov 60 put. Now I may buy some and sell the 80 call and also sell the Dec put. Great company and this is opportunity hitting you in the face.
Cramer can like a stock at 50 and hate it at 60. Nothing wrong with that. Plus, as you should know, sentiments toward sectors are constantly changing, Cramer goes with the flow as you should too.
I read through a lot of conference calls and rarely hear so many analysts congratulating someone on a great quarter. I expect to see this go higher shortly.
I'm not mad at all and in fact hope you've been right all along. I've never met anyone that invests $2 mil in a company and then has so much time to help everyone else out. You are either a saint or full of it. I'm hoping we can canonize you. Answer us this, if you've already got a buyout offer on the table, why wouldn't you take it or reject it? Under what circumstances would you want to sit on it for a year?
Evngsun, I had high hopes many of your musings were true but after this tirade I'm not so sure. Nobody with $2 mil worth of shares dumps them on a $5 drop when a buyout is sitting on the table. The more you talk the less logical you sound.
From what I've seen the Martingdale is about the best betting strategy out there, providing you've got the cash to cover.
I added an additional 1000 in the mid 32's myself, but have no intention of selling them or the other thousands I hold at these prices. I just don't see any reason for this to ever drop back into the 30's again. Why should it when every day gets us closer to approval? But these disagreements are what makes markets so onward and upward.
I'll try not to hold that against you. But considering how most PHD's are boneheads in the real world, I'm really stretching it here.
Obama is brain dead and lobotomized. Carson is confident and doesn't let goons like you get him riled up. Big difference.
That midget idiot is worth a thousand times more than you'll ever hope to have, plus he's got an army that follows him. The guy is right much more often that he's wrong and he puts it out there every night so shut the heck up. Go run a billion dollar hedge fund yourself and then get on TV so we can see just how smart you really are. .
I'm with miboxrt. With a lackluster earnings report they'll need something positive and that seems like the perfect time to do it.
Sarge, I bought both these sister funds in 09 for something like the mid 5's and low 6's. At one time I had well over 6 figures invested in them and the divs came every month like clockwork. I bailed in the 8's & 9's when the premiums got into double digits, roughly 2 years ago. I didn't scream like a short but I put it out on these boards that the premiums were too high and said I bailed. However, for 4 years these were two of my best investments. I bought back into NCZ just a couple days ago at 5.23 and will probably buy more. Don't ever think any stock/fund is golden forever or garbage forever. Many people here were talking for months about them not covering the divs, add the high premiums and it was easy to see they were due for a fall. Buy and hold is stupid but when opportunity knocks you better grab onto it.
That would be worthy of an investigation and Cramer is much too smart for that. This is a small company that most of us never heard of and it's not unusual for any stock to run up when exposed to such a big audience. So suck it up, many of Cramer's pumps settle back down in a few days.
It is very hard to find but I finally did locate it on their website. You've stated it correctly, same as last month.
What turnip truck did you fall off of? x---x is the real value of the assets. You can't purchase x---x , so how the heck is it a mutual fund?
Cramer has talked about Cisco as a possible partner and it makes sense, which is why it probably won't happen. But Cisco or IBM, either way would work for me. .