Their main product, Achtar, is a scam. Do your own due diligence, this stock should have stayed at $12 (or lower). Might find some support at $18 then $16 though.
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Up or down market, you can;t lose by shorting crappy companies. If my followers have any ideas on crappy stocks, please let me know. Always looking for new ideas.
Trade closed manually
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Flipped all my puts since I'm expecting a market bounce. MNK might go down anyways since it's such a crappy company.
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Couldn't find much else to short today, got to short any pops on this garbage, already gave up today's gain.
There might be a rally after the Fed announcement, this garbage won't participate.
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If you can't figure out which way the market is going to go, best bet is to short crappy companies. I might just ride this until Jan expiration. Zero chance this goes up in a bear market.
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LOL, it followed the line exactly. At this point you're all well in the money on your puts. You might as well hold them until expiration or $12, whichever comes sooner.
Congrats to anyone else who bought puts.
Trade closed: target reached
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It hit my original $16 target (following my exact line!), market looks poised to bounce. Despite being a complete garbage company, this stock did manage to bounce in this area earlier this year. Closing Jan puts, I would hold if I had longer expiration. Final target is $12.
Portfolio is all cash now for X-mas. Merry Xmas.
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Bought some puts yesterday, added this morning.
When in doubt, short garbage.
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Flipped the puts on open, re-enter if this thing goes over $17.
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Grabbed some Feb puts at $17. When in doubt, short garbage.
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Took a little off the table now that it's caught up with the market. Sure looks like it's headed down tomorrow though....