Tech,
The stock is moving up nicely because most/all of the mutual fund selling appears to have abated. MF sold it for a gain earlier in the year, and are dumping their remaining KEM for loss generation.
Now that it's hopefully done, LT investors seeing VALUE and even some funds again will re-enter. Simple? Maybe. That's my hope.
I've been very successful with options on KEM, and will probably exit at 30 via calls I've written against it.
Over the summer, I've watch the pros take option positions on this stock, and have piggybacked on their large trades, duplicating their thinking and strikes they've used. It's worked out very well for entry, and now hopefully for exit.
We'll see as we get closer to Nov expiration. If the stock is strong enough, I can roll my options to December, and continue to generate income as well as work closer to a LT hold for the stock.
Steve |
