WHat to look for in an earnings play.... GLT example
This is where I started making money off of earnings, so an example for my followers.
GLT had some issues in 2018 and tanked on every earnings, I made a bunch of money off of it, then lost a little when they straightened out their business last year. (I quit playing it after that)
In any case, you see how it tanked on earnings, melted up then tanked again? A lot like those recent earnings plays that I;ve posted.
I'm not getting ANY HELP from my followers, so here's how to do it:
- Go to marketchameleon.com/Calendar/Earnings and check out stocks that moved big (up or down) last quarter
- Chart the stock, see if it melted back up (much harder to short stuff that's already at the bottom)
- If it melted up, look at financials and news.
- Buy puts if nothing has changed, because that means another drop.
Hit me up if you find something, I can look at the financials for you.
NOTE: This has nothing to do with what GLT is doing now, so please don't flame me if you're holding GLT stock.
GLT had some issues in 2018 and tanked on every earnings, I made a bunch of money off of it, then lost a little when they straightened out their business last year. (I quit playing it after that)
In any case, you see how it tanked on earnings, melted up then tanked again? A lot like those recent earnings plays that I;ve posted.
I'm not getting ANY HELP from my followers, so here's how to do it:
- Go to marketchameleon.com/Calendar/Earnings and check out stocks that moved big (up or down) last quarter
- Chart the stock, see if it melted back up (much harder to short stuff that's already at the bottom)
- If it melted up, look at financials and news.
- Buy puts if nothing has changed, because that means another drop.
Hit me up if you find something, I can look at the financials for you.
NOTE: This has nothing to do with what GLT is doing now, so please don't flame me if you're holding GLT stock.
Comment:
To make the search easier, you can click on "previous move" header and it will sort it by biggest winner or biggest loser. That's how I find these gems like LPSN....