Wed 7/18/2018 02:31 ET
DJIA25119.8955.530.22%TELCO160.080.640.40%GOLD1222.404.890.40%Shanghai2793.644.470.16%
S&P 5002809.5511.240.40%BANKS472.300.430.09%OIL66.780.380.57%BITCOIN7467.35143.371.92%
NASDAQ7855.1249.490.63%PHARM524.667.561.44%US/EU1.170.000.26%Futures2811.3014.800.53%
Welcome Stranger!  Please sign up or log in to enable additional features.Sign Up | Mail | Log In
Forum - DAQO NEW ENERGY CORP - DQ   

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add DQ
  
From: EPR53167 (Rep: 1219) reply to gllouDate: 06/01/2018 15:08
Forum: DAQO NEW ENERGY CORP - Msg #332Thread #674012649 (Rec: 0)
Re: this could get really ugly own protection imo

I’m a big fan of protective puts but in this case I’d say that it has already gotten TOO ugly - to the tune of $13 in 3 days and $19 in a week. I suppose it could for sure get to the 200DMA ~$48 but assuming that’s the bottom I’m not sure outlaying a whole buncha $ on puts will serve you very well. I’ve been trading this pup for a long time and have made an incredible amount of money the last two years - always using covered calls along the way and trading them in and out on a regular basis.
In any case G’luck to us and don’t be shocked to see her at $60+ in rather short order. I’ve averaged down 4 times today with that expectation in mind!

Sent from my IPhone



EPR53167



Reply to gllou - Msg #2736476 - 06/01/2018 13:26

this could get really ugly own protection imo
What would you like to do? Message: Endorse | Bookmark | Report AbuseUser EPR53167: Reward | Watch | IgnoreDQ: Ignore

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search | Add DQ
  

TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.