10baggerbamm
MrM
OP
:
well yeah trees don't grow to the sky and anybody that paid 14 you got a tax loss on your hands.. that was pure momentum that was anticipation of a recovery that was anticipation of the government stimulating the economy and money flooded in you had a huge short positions that covered and everything rallied. it's been down five bucks 6 bucks now for quite some time. there's options on this you have the ability to sell puts to initiate a position and collect the premium and you have the ability to sell covered calls against your long position to lower your cost basis or to make a nice profit right in this price points.
10baggerbamm : down 25 cents is hardly a collapse
MrM OP 10baggerbamm : It’s already down huge from recent high of 14 bucks. It’s going back to 4 bucks. Back to square one.
10baggerbamm MrM OP : well yeah trees don't grow to the sky and anybody that paid 14 you got a tax loss on your hands.. that was pure momentum that was anticipation of a recovery that was anticipation of the government stimulating the economy and money flooded in you had a huge short positions that covered and everything rallied. it's been down five bucks 6 bucks now for quite some time. there's options on this you have the ability to sell puts to initiate a position and collect the premium and you have the ability to sell covered calls against your long position to lower your cost basis or to make a nice profit right in this price points.