Options Wonderland

[samaelrocks]

I don't know man. Enter the position carefully. I started entry piece by piece starting May 9th - 22nd. From there, it's done nothing but drop. Even on days it would move green by $1 or so, it always closed red. Thankfully, I sold some at .35 on Friday to reduce my risk.

It reminds me of a stock in which someone has a crap load of shares and they are just dumping at every small spike. It's such a low floater though that if that's the case, then they can't dump much longer. I guess we'll see but being an IPO, who knows where the bottom really is? It'll be up to the analysts, I'm thinking.

Sorry for the vent. I hate losing on good companies that post big earnings.