Eli, I for one view the story as having unfolded well to-date, and as anticipated. It would appear to also have brought in institutional support. Notice that the stock seldom dips very far for very long. At the same time, the bumps up in stock price are 'modest' compared to the recent past. If the stock were to break down greatly, I'd write puts and/or purchase more calls and/or stock. The trend is definitely up from here.
Like many others, I have a lot of other stocks on my plate, and am comfortably holding my Valence shares for another few years in order to attain the full value of the investment. If some major news event happens to pop the stock up more than I've seen so far, I'll invoke some call-writing strategies to hedge some of my gains. So far I've not written any... this should tell you what sort of events I'm expecting to see later this year.
I believe my detailed layout of the ramping of production capacity over the next year also described what sort of inflections I would expect to see reflected in the stock price as consumers and the market in general become aware of the story that is Valence. Numbers I've run put the shareprice at triple the current level in less than 12 mos., based on P/Es in the 30s, without including Hanil or licensing revenue. Why would I sell here, to try to play for a short 10% dip, when I see a 200% increase looking forward? I'll leave it at that.
Gotta go now, my other stocks are calling me!
Regards!~ |
