I have high confidence this will be going back down. This is based on my dowsing work and I expect it to start later today.
I actually received this pic on the 2nd, and figured out now was the time frame for the trade.
They had earnings yesterday morning or Wed. night and, apparently, they guided down. So why an upgrade today? Anyway, I have this as a scene of the "crime" type trade and will expect it to completely reverse this move up. It's cool too cuz puts are cheap here.
Btw, I don't look at the actual news on these things. The guidance is what my husband told me he read.
I actually received this pic on the 2nd, and figured out now was the time frame for the trade.
They had earnings yesterday morning or Wed. night and, apparently, they guided down. So why an upgrade today? Anyway, I have this as a scene of the "crime" type trade and will expect it to completely reverse this move up. It's cool too cuz puts are cheap here.
Btw, I don't look at the actual news on these things. The guidance is what my husband told me he read.
Comment:
This, I learned, was really like a super short swing trade. My readings shifted suggesting it was strong. And of course, duh, it looked strong and never really broke. So, fine that's done.