Ctic Dropping Down To $0.09
Q: What planet do you live on... post your link that shows this statistic And I predict your arrest for spreading false information to manipulate the stocks, which could practically happen since a few hundred people have been rounded up so far for spreading rumors during a bad economy, which literally impacts national security. Personally, I hope the feds rip you up when they catch you.
A: And I predict your arrest for spreading false information to manipulate the stocks, which could practically happen since a few hundred people have been rounded up so far for spreading rumors during a bad economy, which literally impacts national security. Personally, I hope the feds rip you up when they catch you. this guy is just trying to move the penny stock investor money over to his own stock...which appears to be VRNM. I am invested in VRNM as well, but by falsely supplying information to persuade investors to sell a stock in order to prop up your own position is an unethical approach and not appreciated. Keep your false statements out of these discussions and only focus on value-added facts that can be backed up by supporting opinions. Look, the CTIC Jan 2010 2.50 call (LEAP) is selling at a .05 premium. Most options contracts give you control of 100 underlying shares but with this particular CTIC option you only get control of 10 shares even though they are priced at 100 (per my Scottrade broker whom I called to make sure I understood what I was seeing). For example this means that to buy control of 10,000 shares you pay 5k (10 shares control per contract, $5 per contract as you pay .05 x 100, and you need 1,000 contracts to control 10,000 shares = 5K). Why would anyone buy call options for more than the actual cost of the share right now (10k shares only costs you $3200)? One asnwer, it is going to be worth a hell of a lot more than 2.50. I am not going buy these - and watch out if you are planning to because this non-standard option is costly and not as good of a deal as it seemed when I thought it was the standard 100 share control contract. But the point is this; the open interest for this option is over 50,000, with many orders over 200,000!! So, a lot folks think it is still worth it to pay more than the cost of the underlying stock now for the option to buy at 2.50 in January. They are either all stupid or really smart. In any case they are more than confident that this stock is going to be well over 2.5 by then. I am going to buy the outright stock but it is encouraging to know that so many are betting heavy on this going way higher than it is now in just 8 months time. At just 2.5 this is an 8 bagger in less than a year so I am IN!!! GLTA!
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