Looks like a failed IPO, earnings next week, could break support before then...
Just watching it for now, but feeling bearish....
Just watching it for now, but feeling bearish....
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Looks like I was right Friday, bounced off of support.
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Would appear to have broken support on earnings. I didn't think it was that bad, but not much growth Q/Q.
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Should really learn to put personal feelings aside and play the chart pattern. Obviously broke support, should have bought some puts. Oh well.
I buy stuff from them, it's a good company, but looking over financials, SGA costs are rising faster than gross profits. Can't make a profit that way, and very little Q/Q growth.
From a chart standpoint, looks like it will bounce at $25, but there's no guarantee.
I buy stuff from them, it's a good company, but looking over financials, SGA costs are rising faster than gross profits. Can't make a profit that way, and very little Q/Q growth.
From a chart standpoint, looks like it will bounce at $25, but there's no guarantee.
Trade closed manually:
I guess I forgot to post that I bought some puts last week, closed them out today for a nice gain
I expect huge revenue growth, the question is profit... or loss.