If I may offer my two cents worth...which is about all I've got left, after today.
First, regarding LD's purchase of stock. True, he couldn't sell his old shares, and if he loses, we can't go after him. But putting up his shares, he has essentially gone on margin. At 2.5 he has lost everything, so we have to at least allow that he didn't just buy the stock because he has nothing to lose if he does. Suppose the stock tanks and gets picked up for $2.5. He loses it all, as opposed to half his stake.
Also, has anyone considered that timing may actually be on our side with no contract yet? Say we got one a week ago and the stock rose to 7 or 8. We'd probably be right we are today, what with the market swan dive, and that would be with a contract. As things are now, a contract can only take us up, albeit not nearly as far as it would in a rising market.
Just my two cents. Now, anyone got a few bucks I can borrow? |
