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Lummus technology wins contracts and POS tanks!
Management not planning to sell Lummus technology, but planning for BK filing with plan for reorganizing debt, throwing shareholders under the bus. Issue new shares.
Buying now 97.7
Buying 3wks 9 calls
Sold 500 puts 8.5
Do not buy to flip unless <4
Sold my puts
Bought puts
Can drop another leg tomorrow
Can drop below 1.8
Bought 21 calls
Bought puts
“Cooperative “
pps can collapse
Back to triple digits!!
Earnings miss
No problem, old news
Go!
Lummus sold
Sold my 100 calls 1.5 strike
Buying @92.
Bad news already out.
Expecting good news regarding earning guidance
Sold 70 calls 97 strike exp 11/8
Yep bought today @3.88
ER next week.
Loading up
Sold my 100 calls 19.5
Buying here
Will be interesting to see where it ends today
Sold my Nov 8, strike5 calls
Covering paused
Expect red eod
Either case long term for current shareholders future is bleak
will buy puts
Can hit 7 or even 8 from short covering.
Know uncle B, not buying. He plays game differently, only if legislations will protect from future limited liability (against weather related events). He is king of insurance and always goes for special discounts/coupons
Shorts covering continued. Can go to 6
but can collapse eow
More bad/fire news tomorrow morning
Buy cheap puts, easy money
High probability of tanking in 48 -72 hrs
Buy PCG puts
Out at 4.3
Bought some 3.8
Positioning for tomorrow
Will not buy before ER
Eventually ZERO
Holding my puts