Re: I bought some shares too
Rich? Nah that is in the eye of the holder of the cash I guess. Most people seem to want to be richer. I do well. Did you read or hear of the book The Millionaire Next Door?
Anyway that is why I post these ideas. I have some experience, do not profess to be a pro and would HATE to cost anyone money because $7500 means something different to me than to another person that much I agree and understand.
So we talk, banter, argue, debate, present, fiddle, tinker and judge what can we do. In my estimation - and this is general wisdom imho - premium is generally meant to be sold not bought. That is why 90% of options players lose money buying out of the money hoping for a big score. They consider them "lotto tickets" and sure, lotto tickets can win but usually not.
So I say sell the premium. OK buy some shares too. If they can place another 11 million at $5.50 on top of the 180 million + DF warrants already out there, there is some demand. Would love to know the true short interest, and i still think July will be reckoning (and it does scare me a little bit, the conspiracy theorists here who think that because there are 100 million July calls that they can influence the FDA to delay our application - not to say I believe it entirely just that I can believe in it in theory).