Yep, also the funds cleared it out to not have a big decliner on clients portfolio, they pick it up next month and it tripples they then show a winner. Watch for all the upgrades then too.
I have to disagree about the intention in keeping it under $5. There is not enough open interest in the Dec. $5's to garner that kind of attention. I would rather think that a PR would make the difference in the next big wave of trading. A cheetah contract would be a boon and a NAV PR saying the DOD has accepted their prototype replacement HUMVEE for testing would be close to a deathknell.
I will reiterate that there is FAR MORE GOING ON HERE THAN FUNDAMENTALS, THAN SHORTING OR EVEN BEING VICTIMS OF BAD PRESS. This has been true for a long time now and the reason I have steadfastly refused to hold this stock at any one time for very long. I have traded it dozens of times over the past few years pretty successfully by looking past what the naked eye can see.
That said, my gut says to buy the June $7.5 calls when the stock is trading down around $3. They should be about $0.65 to $0.75 at that point.
My best to you.
"Of course that is just my opinion. I could be completely wrong."
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