This stock is so heavily shorted (40% float) that it pops on earnings. Note that last quarter it dropped $1 before popping, I actually made money on it by doubling up then it went up the next 2 days as well.
Small play, 10 contracts $12.5.
Small play, 10 contracts $12.5.
Comment:
Met expecttions, $13.4 AH, target is $15.
Trade closed manually:
Decided to take the easy money and run.
Comment:
I bailed out early because I'm afraid of this market, really messing up my earning plays. We'll see what happens with FIX tomorrow.
Do not like to go long plays on a 40 point gap down.... but I'm already committed.
Do not like to go long plays on a 40 point gap down.... but I'm already committed.