marcopolo7

GEO about to explode onto oblivion

Long
NYSE:GEO   Geo Group Inc (The) REIT
This is a swing trade for me, I am eyeing $23 dollars for the next few weeks

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Its a REIT. So if it doesn't go up as (most of us who are in it) wish, it can be a Dividend play, until we make some money, oneway or another. IMO.
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marcopolo7 AllAboutCents
@AllAboutCents, it's a good deal, although the sp500 starting to look toppy
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So....still holding this long term or eating the losses?
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marcopolo7 Texasmouth
@Texasmouth, holding got in at 6.50
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right on.
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Nailed it well done
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The short interest on this is pretty insane 34.53%
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marcopolo7 scuffed_susan
@scuffed_susan, exactly why it went wild! technically it is a beauty
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might go to mid 3$ before blowing the roof off
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There also looks to be a pretty profitable shorter term trade on the 4hr chart as well , but like I said , I am just a beginner . Most of chart watching is cryptocurrencies , so looking at stocks seems a little easier because of the pauses in action . Best of luck 🚀

If I had money I would probably enter this trade on the 4hr with two Targets to TP with lofty goals of 24% gain . No where near the longer term goal but good practice for someone like me as far as risk management would go .
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