Anotehr one that likes to melt up then tank on earnings. Chart is pretty obvious.
Comment:
Another loss that beat estimates, amazing that a money losing company can go up.
Comment:
This is obviously headed for a gap fill and a very obvious short when this pumptardedness goes away. They have declining margins, and missed every estimate last year. The only one they beat was when analysts projected a big loss, lol.
Amazing.
Amazing.
Comment:
Looks like we're not done yet on this one...
Trade closed manually:
Made a little money off the $35 puts, but not the $30.
Done watching this PoS, better stuff to play with out there, but at least I made some money off this one.
Done watching this PoS, better stuff to play with out there, but at least I made some money off this one.
Comment:
I guess it's doing a slow tank. Market reaction to a losing quarter was just stupid. I should have trusted that reality would set in and kept all my puts.
Oh well, at least I made money off this one.
Oh well, at least I made money off this one.
Comment:
$30 puts are now in the money, I no longer have a position, and I made money off this yesterday by flipping $35 puts, but I'm glad the idiots who bought in yesterday got burned. Simple Jacks buying into a company with declining margins in a quarter where they lost money.
I hope they enjoyed losing money.
I hope they enjoyed losing money.
Comment:
Busted through support, looks like it's gonna work it's way to $25 like it was supposed to.