FTNT just got annihilated on earnings, the stock is simply overvalued and does not see enough earnings. I am playing this spot only, options are pretty tough to trade on this heavily manipulated stock. This reminds me of the RTX manipulation congress and friends handled into the war.
Hello friend, I appreciate your posts. Why do you consider it's a manipulated stock?
Apollo_CB
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@mihaicraciun00, this reminds me of the covid crisis and impending pharmaceutical manipulation that the sector experienced. It doesnt make sense to me that a sector leader has been down only to such an extent and then we see congress and friends with the stocks on their books. I did enter this trade, dec 15th 50$ calls already up 50% hoping to ride it until 56.50$ might lighten the load though.
mihaicraciun00
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@Apollo_CB, this huge drop in the past months it was kind of anticipated of ftnt board, as I saw lots of the owners sold a huge load of their stocks
Apollo_CB
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@mihaicraciun00, that is a lagging indicator thought and I think the majority of it was that hedge fund exiting, predicting this current leg down was tough, my position looks strong though call already way up.
mihaicraciun00
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@Apollo_CB, that's a good thing man. thank you for your insights and keep up the good work
I appreciate your posts.
Why do you consider it's a manipulated stock?