Negative earnings, poor guidance, no growth, no liquidity. This stock is headed under $30 within the next 6 months. It will hit the bear flag target... watch.
Trade closed manually:
Craps not going anywhere, flipped the rest of my puts today so I can use the money elsewhere. No point in watching a stock waffle in the same spot.
Trade active:
Shorting again on the pop.
Trade closed manually:
Flipped the puts this morning for $1/contract gain
Trade active:
Still playing with this POS, short again looks like a slow roll down from here. Earnings and guidance were garbage, but the longs are holding their shares tight for some reason. Based on volume since earnings, looks like the short covering is over, the only buyers are computers now.
Trade closed manually:
Got tired of this slow rolling low float stock. Made some money though.