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re: Official Erin Energy (ERN) thread

Posted on 6/2/15 at 11:10 am to
Posted by LSU9102
West of the Mississippi
Member since Mar 2007
2476 posts
Posted on 6/2/15 at 11:10 am to
Posted by southernelite
Dallas
Member since Sep 2009
53177 posts
Posted on 6/2/15 at 11:11 am to
Posted by Jwodie
New Orleans
Member since Sep 2009
7206 posts
Posted on 6/2/15 at 11:46 am to
quote:

ding,ding,ding....busted thru all time high this morning...

IG...


Ib4 IG asking if we're at $12 yet.

Posted by jlu03
San Diego
Member since Jul 2012
3320 posts
Posted on 6/2/15 at 12:12 pm to
PANTS: [OFF] ON
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 6/2/15 at 1:28 pm to
We at $12 yet?

Need a better effort here. Laffy links weak.
This post was edited on 6/2/15 at 1:29 pm
Posted by Chuck3000
Fayetteville
Member since Sep 2014
302 posts
Posted on 6/2/15 at 1:29 pm to
That pullback aint happening.
Posted by Jwodie
New Orleans
Member since Sep 2009
7206 posts
Posted on 6/2/15 at 1:42 pm to
Laffy link served, per request:

LINK
Posted by Toula
504
Member since Dec 2006
35399 posts
Posted on 6/2/15 at 2:25 pm to
I love this stock
Posted by jlu03
San Diego
Member since Jul 2012
3320 posts
Posted on 6/2/15 at 2:26 pm to
I don't think you will like this link but...

LINK
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 6/2/15 at 3:12 pm to
Nah. If you want to take profits and run, do it. I've never really told people when to buy or sell.

Except every once in a while when people got scared just to have some fun. You remember the sky is falling/ the sky is falling diatribe?
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 6/2/15 at 6:38 pm to
2,498 open interest in calls. Only 593 puts, and it looks like one chunk is either a large short put bet at $7.50, or large protective put position.

Amazing open options interest from where we came from. The $10 calls has ranged from breakevens $10.60 - $12.25.

I'm still holding to $12 as only the beginning if everything falls into place.

Laffy.

LINK
Posted by jlu03
San Diego
Member since Jul 2012
3320 posts
Posted on 6/2/15 at 8:57 pm to
quote:

Iowa Golfer


I RA'd
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 6/3/15 at 6:03 pm to
What's RA'd?

Nice $7.50 put play today for $1.20 and $1.15. Collect a decent return, or get shares put to you at $6.30/$6.35.

It could be trading below $6.30 I guess, but would anyone mind shares being put to them at this entry price? There could be an explosion, ERN could go broke, and you'd have to pay $630 for 100 shares of worthless stock. That's possible I guess.

$120 return on $750 cash unavailable in 60 days. I'm sure there is a bank somewhere paying this rate of return? Total risk, $630. percentage return, pretty darn big.

Someone bought 30 puts today. I sold them. I either sold them insurance, or I sold them a cheap way for them to short ERN. Either way, I sold, and I collect his money. Maximum loss is reasonable and capped, decent reward.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 6/3/15 at 6:05 pm to
May as well make some money on this dog. It's not at $12 yet.

LINK

Laffy.
Posted by dcrews
Houston, TX
Member since Feb 2011
30194 posts
Posted on 6/3/15 at 8:54 pm to
quote:

What's RA'd?


Request Admin
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 6/3/15 at 9:35 pm to
Oh. I thought it was a revealing video. Funny insofar as it was revealing. Didn't intend to offend anyone.
Posted by dcrews
Houston, TX
Member since Feb 2011
30194 posts
Posted on 6/3/15 at 9:45 pm to
I got the impression he was being sarcastic
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 6/3/15 at 9:55 pm to
Well, the link and post are gone, so I think he was serious.

It was a video of a coach in the bikini football league screaming swear words at one of his lady players. Revealing is probably an understatement. Reminded me of when I went to watch Alabama play Michigan State. The vast majority of Bama fans were 1000% ladies and gentlemen. But the ones that weren't? Oh man
Posted by jlu03
San Diego
Member since Jul 2012
3320 posts
Posted on 6/4/15 at 6:23 am to
quote:

I got the impression he was being sarcastic


#NailedIt
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10230 posts
Posted on 6/5/15 at 8:40 am to
OPEC? Opportunity? What say you?
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