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Jun 14, 2018 6:03 AM

Gardner Denver Holdings - $GDI - BTFD! - outside of stddev bands Long

Description

GDI - Looks to be far out of the linear regression 255-day - 2x standard deviation band. I haven't found any negative press upon an initial screening, so I'll prepare tomorrow morning to search in depth to find more news / catalysts. Otherwise, I plan an entry into some calls while I BTFD.

6/14/18 GDI is going to perform a presentation at a conference. I'm assuming it's not a big deal or major catalyst, but who knows.

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I picked up (2x) GDI - $30 10/19 calls for $2.35 each and am currently holding until I see price target of $30.50+

They've fluctuated between minor gain and cut-even.

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It's still in The Zone! I'm considering picking up more calls on the way back up into its regularly scheduled programming. Will see whats available tomorrow.

GDI was upgraded to 'buy' by Johnson-Rice today.

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Currently getting slaughtered!
GDI took another dump today, I'm looking to see if it can catch some further support before cutting it off. I bought calls on the way down to average down.

The good news is: I cannot find any news whatsoever that is driving the price down, so when it bounces I should be in a good position.
If it cannot catch a break at past support ($28.00) I may chicken out and cut my losses... at that time I'll have to wait for a green day or two before re-entry.

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Still holding those calls -- will likely sell my 7/20 calls whenever I can make a few bucks and hold the 10/19 calls to see what happens.

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7/20 Calls sold. Holding 10/19 $30 Calls -- almost recovered from the loss taken on them so far. Will need to make some money from these to make up for the loss taken on the 7/20's.
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