For Aug 25 (bought them first) I paid $3. I figure this stock is quite possibly going to $40-50 by August (two earnings reporting periods, new contracts, new promo, etc.) and I paid $5-3/8 for Aug 20's after I saw the planned promo effort in the one PR for later this month.
On the Aug 25's, if the price goes to $50, I get an 800% return. I would like that! I like those odds ... $3 downside, very big UPSIDE.
Each were bought when WSTL was it the low 20's.
Also, I got cold feet on TLTN deal. Honestly, I can't figure out why it wouldn't go though so I sold 25% of my position with TLTN at $65 just in case something goes wrong. At that time, 70% of my WSTL position was in TLTN. Now, it's only half. All bought at a 20% plus discount to WSTL prices.
After hearing the broadcast on RadioWallStreet today I'm happier than ever.
Let's hope all goes well.
any comments?
later, leroyt |
