waiting for the other foot to fall
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most of the insider selling was "cashless exercise" You have options to buy $1 stock from a year or two ago. The options vest and you want to take them and hold the shares for a year for long term capital gains but you also do not want to put up money. You sell enough of the options shares to pay the taxes and the cost of the rest.
Thanks. I hope their 10Q outdoes my writing!
Thanks. I hope their 10Q outdoes my writing!
you do not know what they will acquire with 250 million shares. It could even be anti-dilutive and accretive to the bottom line.
I'm not long, not drinking the Kool-Aid, etc.; however, this is not a negative until it is seen if the proceeds are invested wisely.
The price?
that news was known when the stock was $2.25 so the 33% drop already happened. Selling shares for cash adds to the book value more than it dilutes your value. But you figure it any way you want. I've only started and sold one tech company...
I bought back 1.12 shortly after selling 1.30
Should help NUGT and GDX
Depends on what they acquire
FSLR was weak and it was really the only thing propping up the sector.
DMD posted a GAAP profit of 1 cent EPS and non-GAAP was up proportionally over last year. Spread is ridiculous and I have not timed it well since the first time so I won't try AH.
Jeff's Law of Puts... always buy one trading session later than Jeff ;)
that link has malware...
$KOG - I just loaded around 50 June $9 calls at 20 cents. If SK gets his $10 by then I'll be 80 cents in the money for a four-bagger. If it just goes up well before expiration I'll smile.
3 DUST May 85 puts $3.20...
patience... it's up until the margin runs out for the true believers. July earnings will be the catalyst, but it could be October before the market really responds to it.
playing KOG June $9 calls with a $10 target on KOG - $0.20 - $0.25 prices (bidding more) so if it hits $10 they'll be $0.85 in the money.
playing 3 dust may 85 P from $3.12, target $6
thanks. If I had been on my game i'd have reenterred at the fib retract at 30.49, but that's asking a lot :)
"discovered" it in my scan for puts and played it down. Decided that playing up and down was better :)
ABFS - market was underwhelmed by the potential Teamsters settlement so 5 May 17.50 puts @ $2.80 earlier. Gapping up on bad financials is something I like to see...
MELI may 110 puts 10 @ $0.50... entered too early but the pincers should close now.
lnx june 33 puts, in 3 @ $3.15, out on the first leveling out at $3.72. Suspect I left as lot on the table but I have watched several immediate gains turn into long upside down holds. Took the quick win.
in acur 2.23, in sgoc 1.04 - both spiky on earnings day...
bidding avnr and leds
you should read the conference call transcript and try to understand their business...
swinging for $11 on the 10Q
closed yelp yesterday - open puts are
ash may 90's
vrtx may 85's (bidding may 80's)
csiq may 6's and 7's
mdso may 65's oops - lacked discipline to cut losses
logm may 25's - they are going where they need to
ilmn may 70's - another discipline issue
ostk may 22.5's - lesson - never make an emotional bet on something already heavily shorted.
RT may 10's - another discipline issue
a few of these are clearly getting chalked up to tuition but the winners are paying the learning costs.
Azk - to buy it now is there a benefit vs buying hek directly? Too late for cash buyout.
No i think the base is in the $30's now but i will look when I get back home.
Looks good!
yes.
$FSLR - I'd call it a "miss" but they guided 2013 flat and I expected Q1 slow and a backended growth. I think they pulled a lot into Q4 to make the year last year and sacrificed Q1. Will be looking at puts at open with a target to $25. (cannot short in an IRA)
The $3 spike down was the right reaction to decreased earnings Q over Q. The spike back up was buying in low liquidity in response to the profit at all in a solar and to the spike down buying opportunity. It will trend down until Q2 progress supports the return to full year guidance. Q1 was below the annual guidance so it stands that the year is back-loaded.
I made 20% on my calls today and was out earlier than need be. Will look at the charts and plan because I like it.
The index addition could be big. I was going to play puts on it soon but the index addition could trigger institutional buying into index funds and force shorts to cover or at least flip up.
More emphatic than ever - do not play this side on a stock you "know" "deserves" to go down. Especially one already carrying a boatload of shorts. Dont ask. Ok - OSTK was a bad choice.
agree completely so I need to pass on it today with the meetings and all. If the setup is there near close or PM tomorrow I'll plan accordingly on it and maybe the others.
Not yet. Chart looks orchestrated. Taiwanese competitor to rvlt and cree. More credible than rvlt. Less so than cree.
what do you think of LEDS as a swing?
Hoping for another day of bottom dwelling on it as I am busy in the office all day tomorrow. My sole focus aside from meetings will be watching for my exit in VRTX.
$AT - top pick for 1 year growth in the utility sector by this author:
http://seekingalpha.com/article/1398801-4-top-utilities-dogs-spark-7-5-to-34-gains-in-april?source=intbrokers_regular
when they filed their annual report they guided for a flat year but they ended the year with momentum. So, I see it holding or spiking depending on how good the quarter was but I see it falling through the year or at best trading sideways. 2014 was supposed to resume growth.
Ignoring the blip of earnings day, I see this bouncing off $50 a few times as it consolidates sideways. Solar needs a real shakeout with a lot of casualties this year. FSLR will not be a casualty but still the sector is in for some rough stretch of road.