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Re: Melon4head post# 6230

Saturday, 08/05/2017 10:21:57 PM

Saturday, August 05, 2017 10:21:57 PM

Post# of 44784
Why don't you try the option route then? Risk is obviously higher, but with a significant pop, the rewards could be huge. March $2 calls are selling for a nickel. Put 2 grand down, and own 400 options (plus commision obviously). If it makes it to 2 a month or so before, you will be likely at 4 to 6 times your money if not more. A pop to 5 bucks, you're sitting at $120 grand. Putting 2 grand instead of 10, would allow you to do it 4 more times with the same amount of money. That would cover you until March 2019, providing the options remain there to purchase.

That's what I am doing. I sold my entire position and am just buying options. June ones expired, and coming up fast to my September's. Arrrrggghhh. Waiting for some cash to come in to get the March ones. Started doing this last year when they promised Japanese partnership by the end of the year. Then they said this will be the year. It's passing quickly. Just need them to come through with their promises one time, I think that's what bothers most, myself included. Forever promising with time frames, then not even coming close to them. Years late in fact.

I do believe my strategy will pay off eventually, with a much smaller amount of cash used. Just hoping the March ones stay at a nickel for another couple weeks. Or move above $2 before then.

Just some food for thought. Glta.