I know they will pay LUK hefty sums to pay off the $300m (though they have already made payments I believe). does this deal change their prospects for the future?
be careful with options overall. but if there is any stock to trade options, this one is good. I have 41 april 12 contracts. if you do study/decide to trade them....be sure not to drift away from the strike price. be sure you have seen a consistent trading pattern and if doing calls, a pending catalyst (ie: ZIOP, I also have AMRN options).
actually, I am confident you are incorrect. RSI means nothing really. it is all perspective with an issue like this. I may take some profits, but the hard and fast is just an attempt to instill fear/ panic. with all that is happening with the stock (including the possibility of further upgrades), I for sure do not see a bearish trend but rather a bullish trend. at this point, it is about momentum.
I bought 54 July 2.50 calls and have a 45% gain. trying to decide whether to close out at opening on Monday or 2) continue to watch next week or 3) just holding for a couple of months. Yahoo lists early May as next earning date (seems Rx growth is doing well). of course would love to see stock at 4.50 to 5 by next earnings, but other than hype (BB; upgrades; decent increase to Rx), there do not seem to any real catalyst to keep this moving (other than shorts covering which could of course be offset by shorts taking new positions). would love an educated opinion. thanks!
I have studied this company for several months. I have not seen a company with this much potential for growth in a long while (non biotech). similar to a biotech stock, this company has so many potential catalyst - more upgrades, new contracts that will support its growth prospects. As a company with a size 13 foot in the door of IoT, the recent sell off of the stock has been unfortunate. short term blip in a long term investment that will no doubt be amazing. btw - with the 2 news stories out this evening, I believe we will be up tomorrow. anyone notice that Amazon bought a IoT company this evening? anything is possible. strong buy!
Sentiment: Strong Buy