UUUU - Buy shares with stop just below recent low of $4.19. Very low risk. I expect this to reverse back between $7.78 and $9 sometime between before next June, though my expectation is that it will happen by February. This completed an ending diagonal C wave, and I don't care if the next move is bullish or bearish, as my target should get hit in either scenario. ED's usually reverse to the point they started and often in half the time. I will be buying shares AND Jan $5 calls. But options on this aren't the most liquid so you do have to consider the ability to sell in the future and what the spreads will be between the bid and the ask. If you do options, your premium paid is your risk. The failure point is a break below $4.19, though it could put in a slightly lower low and STILL pay off. When I do options on things like this, its all or nothing. Please understand that. My answer when asked if you should stick with it in two months will be "has the setup failed yet?"
This is similar to the BLDE play I engaged earlier in the summer (that one still has 3-4 months to pay off).
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)