<..Are anyones instincts telling them to lighten up a little here?..>
IMO:
If you are a trader, it would be hard NOT to.
If you know the story and believe the vision and appreciation potential, it would be hard to.
If you think it pulls back and want to capture that, consider selling near term, out of money calls. That way, you scalp the volatility and price premium, and keep the stock. If it goes up, cover your calls or get called and wait for further retrenching.
I suspect that there are institutions that want to own this stock, see the potential for a 50-100% gain (from HERE) and are geting impatient waiting for the stock to come back to them.
I thought I was fully loaded, but have still been buying, including options last week.
Diversification DOES offer risk control, but so does due diligence. I'd say we know this story as good as any and better than most, certainly better than traders.
Good luck.
Steve |
