hungry_hippo

ERIC Update

Long
NASDAQ:ERIC   Ericsson
Earnings more or less in line with expectations so it got punished, lol.

Snagging couple thousand shares for my 401k here under $9.5, expect it to head back to $10 area within a couple of weeks.
Comment:
Edit: I meant $8.5 and target of $9, oops.
Comment:
First of all, the ADR got punished more than the underlying stock listed in Stockholm, which is why I went all in on this...

Anyways, I expect MSFT to beat AMC today, we get a pump tomorrow. Probably closing this position out on open (or premarket) tomorrow.
Trade closed manually:
Sold everything, made decent money despite holding 1k shares through earnings, wound up loading the boat with 5k shares Wed aft/Thu morning. Taking the easy money and running.
Comment:
Anticipating a double bottom on this, we'll see where it goes.
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