Reader jv200909 recently requested a Sun Edison update so here it is.
But before I got into that I just have to say that this is great to trade but you have to understand that SUNE isn't any more solvent than MCP was. So the risk/reward ratio is high and thus I hope you are not betting a big portion of your portfolio here.
Of course, if oil reverse back to $55-$60 then this will be a big winner (to say the least) but if I got that count wrong it could BK anytime. So again, buy a few of these long shots in small amounts instead of trying to go for the fences. Your trading account will likely last longer if you don't take too big a risk with too much of your money. There are old pilots and there are bold pilots but old bold pilots are rare as hen's teeth. I know most people reading this are experienced traders but it never hurts to hear a word of caution now and again.
The backlink model is below.
The current snapshot got there the long way about but fully within the EW rules.
1 comment:
Thank you.
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