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lockednready

09/20/12 9:00 AM

#4135 RE: piratica #4134

My two cents...don't expose much of your funds in the stock, just in case it's delayed or denied.

I will lose $600 (50 calls) from the Sep options if nothing happens by Friday.

I already have some Oct/Feb calls. I will buy more on Friday or next week.

These type of plays are great, whenever they launch, if not, I'll flip, wait, or whatever until the event occurs...good or bad.
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Tom4investor2011

09/20/12 9:11 AM

#4136 RE: piratica #4134

Good morning Piratica! This case have me on the hanging :O), cant wait until the rest. I have been noticing a movement of the trade-swinging in difference directions daily quickly, but good thing it keep above$3. After that calls on Tue. Without an expection of traders' satisfaction (I know we will make $$ with vringo, how much $$, I dont know yet but is worth the efforts) they take this down. I have recaculated my stop from $3.10 (almost got take out @low$3.11) to a new $2.90 will change according withpps movements up/down daily, just in case bad news come out and I keep changing it up/down depends on daily news and senses. Limit losing better than losing big, been there...done that, lessons learned.


always my way and MHO, GLTU.