I think its the a big boy game. A lot of them have to mail end of year statements in a few weeks and they are locking in the gains. A big block purchased in August and Sept. would be up 25+% and one way is to short it at a peak in the price run up then wait to see where new support on the down side is before they start to cover the short position.
Just a possibility and another guess.
Poon, here's an example, of using options to buy. Your relative, could have used this same method, to build, his position. Right now, you can sell 5 $38 put contract for $1.35, and that $675 goes to you account. If next Friday, the stock closes at 38+ then your contract expired. If it closes anywhere below 38, then, you have to buy the 500 shares at 38, but your real cost is $36.65.
I see it as positive. Option sellers want these to expire next week worthless, Meaning a close at 41+. December is shaping up as a very heavy option month. The $ balance between the calls and put just went up unless there is another big trade coming on the call side.
Poon,,,,,, Do you ever use options to buy shares? Sell naked PUTs,,, with the intent to ultimately purchase the shares?
Something like Apple and Android phones replaceing old Bell landlines. One big diff is they are cheeper and easier to deploy. It's going to help open up the world to the internet and we will all benefit when that happens.
Seems like I remember ...my honest opinion..said.these guys were jokes now. I think they lost their thinker.
Where is honest and please share your opinion about this list of concerns, Thanks in advance.
Yes, I think they were hoping it would jump to the $1.30-.40 range for a nice little Christmas bonus. But, you know that OO IQ bozo would stop bashing..... Ba Humbug to all management stock holders.
I figure in about one hour some prestigious law firm in NYC will announce their class action followed by five others.
And then there's Cramer.
It was tradeing around 20 when I heard this the first time. Now a year later it's up $50 and I'm suppose to be afraid that the shorts have bought off someone in the south. Why did they wait so long? I think I'm so far ahead that I'm going to wait and see how this plays out.
If your right, then the only person I know who will be happy about it is you. You've made your point. Stop pounding the table. Practice your I Told You So song. Give it a rest. I can see a future of many wanting to know if that 1 penny rise in price is OK with you. Did you sell yet? Is it more Pump and Dump? Etc....
Sentiment: Strong Buy
unjustified. The company is back on track with rising profits and new orders. I said a week ago a move above dollar was in the charts and that's without any 3D news. I can easily see a place for SOTK in this industry, too. If the price breaks the $3 barrier with no news I might be on the sidelines with o080.
Sentiment: Strong Buy