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hungry_hippo
Nov 13, 2020 5:15 PM

RGR Post Dividend Tank 

Sturm, Ruger & Company, Inc.NYSE

Description

I think RGR drops here after dividends (yesterday) and Biden getting elected.

Everyone's pre-buying now, doubt they do well next year, regardless of any regulations. Got into some pts this morning, I think there's still room to make money on this. Note 2 hr chart also shows MFI declining.

Comment

Appears algos are still trading RGR, it's part of small cap indices. Added on the spike up.

Comment

Algos pumping small caps, no more add until Tuesday afternoon.

Trade closed manually

Flipped the puts this morning, if you think it's going to break support, I recommend switching to Dec puts. I had Nov puts, wise move here is to take the easy money with 4 days left.

Comment

I think I'm gonna look at this one again Wed. Staying out for now.

Comment

Broke support....
Comments
FibonacciDiPisa
nice call on this one
hungry_hippo
@wayum999, thanks, wasn;t sure if we'd get a vaccine pump or COVID numbers tank today, so I went the the sure thing.... gun manufacture drop on Biden election
hungry_hippo
Doubled my money, closed. going back to sleep.
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