$1.50 - $1.60 close today, page-19

re: t4p madhun...

lol...not higher than today's open...higher than today's close!

We have 3 scenario's that I can see...

1. Gap needs to be filled, either intra-day, or EOD...in which case a close just above $1.50 would be very bullish for the following day.

2. News coverage of today's announcement result in a quick bounce rally, possibly taking it over $2.00 before an eventual retrace in coming days to fill the gap?

3. Corporate driven interest...in which case, anything can happen.

I'm fully loaded tonight...both shares an options...so obviously expecting (hoping) for an up day.

I actually think the options are not a bad grab at current prices and may perform relativley well should the shares continue to fall.

I say this because, as the share price falls further and further, I expect the "discount premium" (currently 16c) on the options might narrow somewhat. This is by virtue of the fact that as the shares fall, so too does any downside on the options...and by extension, the safer they options become. If the shares fall too far, one might even expect to see the options holding a "premium"?

Cheers!