hungry_hippo
Short

SMP up 16% on barely beating estimates

NYSE:SMP   STANDARD MOTOR PRODUCTS INC
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2
40 1
Up a ridiculous amount barely beating estimates. With the lack of liquidity in the market, this should head right back down to low $40's by next earnings .

There is a chance it can reach ATH before tanking though I doubt it.
Oct 29
Comment: Huge jump to all time high on no volume, loading up here on puts.
Oct 29
Comment: They pumped it back up over $54, lol. No bids on Level 2, less than 1,000 shares between $54 and $51. One big sell order takes this straight back to $47.
Nov 13
Comment: Finally broke below $54, targeting $50.5. If it goes back up, I'm adding puts at $56, it might be range bound for a while.
Nov 20
Trade closed manually: Decided to close most of my put positions since I expect the market to bounce here. Took a loss on this one, but LB more than made up for it.

Comments

No bids underneath, no accumulation, no volume. Longs better have an exit plan, looks like this earnings bump is finally over. Dropped a buck on less than 30k shares.
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