Any thoughts?
I bought some shares at average price of $10.98 on Friday.
I also picked up some Aug Calls 12.5 and 15.
my feeling is that, like many emotional friday selloffs, it is overdone. I also suspect, with the exceptionally high volume of shares traded, that it is loaded with shorts in the 10-12 range.
I've done a fair bit of study of the fundies (which I do on longer term spec's vs. my short term trades), and they seem solid, especially the cash on hand/debt.
Generally, as a contrarian, i like to buy on panic and sell on euphoria, and Friday defined PANIC
any thoughts? Discussion?
My time frame (on the calls) is 3 months or so, although I will start unwinding when (and if) VPHM gets into 13's or it is June, whichever comes first.
I bought some shares at average price of $10.98 on Friday.
I also picked up some Aug Calls 12.5 and 15.
my feeling is that, like many emotional friday selloffs, it is overdone. I also suspect, with the exceptionally high volume of shares traded, that it is loaded with shorts in the 10-12 range.
I've done a fair bit of study of the fundies (which I do on longer term spec's vs. my short term trades), and they seem solid, especially the cash on hand/debt.
Generally, as a contrarian, i like to buy on panic and sell on euphoria, and Friday defined PANIC
any thoughts? Discussion?
My time frame (on the calls) is 3 months or so, although I will start unwinding when (and if) VPHM gets into 13's or it is June, whichever comes first.