Disclaimer: I am already in this position from 35.68 (-5% from current price) but I plan to add more at support levels, with a profit target above $50
Idea: Swing long $CHGG from earnings miss, big gap down.
Rationale: While their earnings were not good, it wasn't that bad. They have $Billions in cash on hand. Have announced a buy back. All Analyst ratings after downgrades is still well above the current price. I think this drop is over done and we are seeing price start to come back today (Nov 3rd).
Timeframe: I expect to hold this for 2 months, looking for about +40% profit on the trade
Good luck!
Idea: Swing long $CHGG from earnings miss, big gap down.
Rationale: While their earnings were not good, it wasn't that bad. They have $Billions in cash on hand. Have announced a buy back. All Analyst ratings after downgrades is still well above the current price. I think this drop is over done and we are seeing price start to come back today (Nov 3rd).
Timeframe: I expect to hold this for 2 months, looking for about +40% profit on the trade
Good luck!
Trade active:
Starting to accumulate there. Current avg is 34 and will add heavy around 27s
Trade active:
added a bit more. Avg 32. Still plan to add if we start in the 25 to 27s range.
Trade active:
Added equal size. New avg is 28.73 . This is my last add.
"Don't settle for a life less than what you are capable of"
@profitnotiondaily on StockTwits
@profitnotiondaily on StockTwits