You are playing same thing as me, 40 contracts 15 puts at 6. Will add another 20.
Why are you waiting for 12 when you can buy right now for less than 10. Sell 15 puts and your cost is less than 10 and you get money instead of paying for it.
You have to know how to trade and he does not and you are not much better. You are bashing, ranting, talking nonsense and you " set your buy at 12" and than he is a "good trader" by selling 5 puts. Why don't you go find another MB and spare us your rants. MORON
No you cant time the bottom but you can look at the numbers. They are cash starved (1.2 mill), profit at 5%, long term investments that will not increase earnings and that might prompt another SPO, PPS down another 5%, etc.
I was in KCAP and got out at 8+ and not going in any time soon.
They are but you cant say that all selling is done by shorts. I am long and holding but I did protect myself against huge loss and that is a must if you know how to trade.
You seem to blame shorts for price decline and that is only part of the problem and you say that you would not be short going into report. How do you know what is coming up?