AFRM Bull Scenario

Oct 4

I figured I'd better post a bull scenario since my last post was so bearish.

The bull scenario is a return to the previous earnings high to set up for the next earnings report. The fake H&S pattern winds up being a bear trap.

In this scenario, you could probably play a straddle and make money when it hits the $80 mark. You know this is gonna move big on earning again in one direction or the other.

Oct 6

Order cancelled

Market pump and Cramer bounce (he mentioned it over the weekend), I don't think either will last long. Cramer pump on UPST lasted only an hour, lol.

Still in a holding pattern, not chasing this gap up.

Oct 6

Note

Take a look at the chart today, lol. Filled the gap, went back up, then weak afternoon. I'm staying away from this one for a while. Can't hold a gain.

Oct 8

Note

AFRM looked pretty strong today, finished green on a bad day for the rest of the market. Showed liquidity during the drop and recovered nicely.

I think the market is gonna drop or whipsaw tomorrow, so I did not enter into the trade. Gonna watch how this one opens tomorrow.

Oct 9

Note

Really strange price action, anything above 77 gets hammered down hard, and anything below 75 gets pumped hard... like violently, lol.

I've seen stocks coil before earnings, but nothing like this, lol. WOuld be fun to play but the spread is pretty wide on options at opening.

Oct 10

Note

Went up on a red day. Not sure why they pump it on red days and not on green.

Don't care for stocks taht move in the opposite direction as the market, probably staying out. Did look bullish today though.