Crap earnings two quarters in a row, negative PE, and this things back at resistance after closing the earnings gap from spring. No idea why this thing keeps melting up, but it will tank either before or after the next earnings.
I have to have some puts in the portfolio in case the market tanks to protect myself, this is it. Feb $50 puts, realistically this should be trading below $20.
Also scrolling down from overbought condition.
I have to have some puts in the portfolio in case the market tanks to protect myself, this is it. Feb $50 puts, realistically this should be trading below $20.
Also scrolling down from overbought condition.
Comment:
Just realized it's 3 quarters in a row. Not sure how bad a company has to suck for the stock to go down.
Trade closed manually:
I closed this out yesterday for a small gain. Looks like it's just gonna sit here. Will re-enter the position in Nov closer to earnings.