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From: gllou (Rep: 3) reply to EPR53167Date: 06/01/2018 15:14
Forum: DAQO NEW ENERGY CORP - Msg #333Thread #674012649 (Rec: 0)
i am long and strong BUT just in case something is hiding in the closet, I will have greater peace knowing my downside is limited, and I’m cheering the stock to head back towards 60, just my 2 cents....

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Reply to EPR53167 - Msg #2736501 - 06/01/2018 15:08

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!

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