You guys chasing LK too? Its going nuts so I wonder what's up?

zdreg said:
Like the sun rises in the morning"guys on Wall Street" rarely lose. When they do lose it is news like man bites dog.
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Weird post I had, took a gummy at 7PM PST, and now seeing double. Did LK really go back to $6? I was worried about holding stock even after my after hours theory was correct. I need coffee, a Modafinal.
 
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JesseJamesFinn1 said:
Weird post I had, took a gummy at 7PM PST, and now seeing double. Did LK really go back to $6? I was worried about holding stock even after my after hours theory was correct. I need coffee, a Modafinal.[/QUOTYes

If you look at all the $4 Calls yesterday above $.75 sold, a bunch were mine. I had trouble selling at decent prices. Today stock is at $6.78 and they took at the $1.20s and $1.10s easily. Yesterday I had some sit at intrinsic value, happy it was a good gain yesterday no complaining. Still learning how IV causes options a great premium.
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maxinger said:
I doubt traders were chasing the market.

day traders bought LK yesterday when market just opened.
around end of day, they closed some position and took some profit.

for remaining position, they get ready to close position over the next few hours/days.
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yesterday those day traders who bought it and kept some position opened should be happy.
There is no way to tell how far price will go.
So before end of session, decide whether to hold on, take some profit based on price volume relationship.

those who didn't buy yesterday but bought it today is asking for trouble.
 
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