I took a different sort of position in PSTI today,
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Posted On: 05/22/2019 4:20:32 PM
I took a different sort of position in PSTI today, purchasing December $1 Options at the lowest figure I can bid at Fidelity, a nickel a share. For the price of adding a few hundred shares to my position, if I'm right and the stock in December is reasonably over $1, I'll be adding thousands of shares at no further cost after selling some of the options to pay for the remainder.
I believe many different things could easily move the price above $1 and depending on what occurs, it could move to several dollars before the end of the year. Certainly, it may not, but I believe it will, so I'm taking the gamble.
Gary
I believe many different things could easily move the price above $1 and depending on what occurs, it could move to several dollars before the end of the year. Certainly, it may not, but I believe it will, so I'm taking the gamble.
Gary
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