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hungry_hippo
Jul 13, 2021 4:32 PM

GOTU Reshort? 

Gaotu Techedu Inc.NYSE

Description

Tempted to short this garbage since it's up 8%, but gonna wait to see if it gets a gap fill to buy some Aug puts. It'll hit $10 before expiration. Too many open puts to get into it until Friday afternoon.

Usually drops when hourly gets overbought, not there yet.

Comment

Anything over $13 is a short on this garbage, but might as well wait until it gets above it some more

Comment

LOL, sharp reversal as soon as I posted. Garbage can't rally at all.

Comment

Tanked earlier than I expected, never got the bounce from all those open puts. There's the $10 I predicted like a month ago.
Comments
NIKYLIN
Will you update your thoughts on this chart please?
hungry_hippo
@uscofreight, not worth playing now that it's under $5.

MFI is dropping down from overbought, so I would short any pumps. It's a dead stock.
Mihai_Iacob
Great chart
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