Weaker than I thought it'd be today, looks like it's coiling, didn't do the pre-earnings runup until the third week in Oct last year, so I assume it's coiling for the move next week.
If it drops the next couple of days, I'm adding.
If it drops the next couple of days, I'm adding.
Comment:
Seems to me like a continuation pennant and we get to $6 for earnings, but it could be a reversal which would mean yet another retest of $5.
I still think pre-earnings run up.
I still think pre-earnings run up.
Trade active:
Added today on the pennant backtest, plus a little more when it went even.
Comment:
Charts show overbought on all intraday charts, but the daily pattern looks good. Decided to stay in it for now.
We may get a dip tomorrow because of the intraday overbought condition especially if the market goes down. Obviously some pre-earnings interest though so it'll probably bounce back later this week.
Earnings next week, time and date has not been officially announced yet.
We may get a dip tomorrow because of the intraday overbought condition especially if the market goes down. Obviously some pre-earnings interest though so it'll probably bounce back later this week.
Earnings next week, time and date has not been officially announced yet.
Comment:
Well that got pumptarded really fast, overbought on all intraday indicators now. Still holding though because I think it'll go into earnings above $6. Will sell some when daily goes overbought.
There's a chance that it tests the high before earnings, this stock has a habit of doing that if you look at daily charts for the past couple of years.
There's a chance that it tests the high before earnings, this stock has a habit of doing that if you look at daily charts for the past couple of years.
Comment:
Big sell block at $5.1 causing resistance.
In any case it did hit my pennant target, much earlier than anticipated.
In any case it did hit my pennant target, much earlier than anticipated.
Comment:
LOL,I meant $6.10, and that ask block got taken out this morning. Intraday indicators and chart patterns don't look good, but I'm still long.
Comment:
Dumped half of my position (all of my stock) at $6.2, but kept all of my Nov $5 and $6 calls (spread is too big).
I expect this to hit $6 tomorrow, there is just waaay too much Oct calls in the money, more than half the daily volume as I pointed out yesterday. Going to $6 wipes out half of those options, so the market makers will do it just to screw people.
Will put in some lowball bids in for tomorrow in case there's a big dip from people exercising their $5 calls and dumping. Don't ne surprised if there's a big whipsaw tomorrow. It'll bounce back next week either way.
I expect this to hit $6 tomorrow, there is just waaay too much Oct calls in the money, more than half the daily volume as I pointed out yesterday. Going to $6 wipes out half of those options, so the market makers will do it just to screw people.
Will put in some lowball bids in for tomorrow in case there's a big dip from people exercising their $5 calls and dumping. Don't ne surprised if there's a big whipsaw tomorrow. It'll bounce back next week either way.
Comment:
Like I said yesterday, options expiration weakness.
I plan to buy back in at the every end of the day if it goes below $6. If not, I'll just wait until Monday. I think the market gaps down anyways.
I plan to buy back in at the every end of the day if it goes below $6. If not, I'll just wait until Monday. I think the market gaps down anyways.
Trade active:
Bought some calls this morning to set up for earnings Thursday after market close. Paid more than what I sold them for last Thursday, shame on me for not having faith. The expiring call options scared me more than it should have, the market was able to absorb all of them with that dip on Friday.
Left room to add if it dips tomorrow or Wed,
Left room to add if it dips tomorrow or Wed,
Comment:
Added some here below $6.2, but I think it'll open weak tomorrow. Adding some more tomorrow morning and calling it good.
Trade active:
Setting up for earnings right here. Final add.
Comment:
Not quite how I imagined we'd get there but looks like it's setting up for earnings around the $6 mark tomorrow.
Comment:
As weak as this looks pre-earnings, I'm beginning to wonder if all we get is another top at $6.9.
I'm expecting them to beat, simply because this quarter involved school start and that's when parents would buy something like SafePath.
I'm expecting them to beat, simply because this quarter involved school start and that's when parents would buy something like SafePath.
Comment:
Day traded some stock today, I figured there'd be some people late to the party. Just dumped it at $6.27.
Decided to dump my $6 calls, staying with $5 Nov calls with all of my profits from all of my SMSI trades, I'm guessing this is a double or nothing trade. If they disappoint me, I'm done with this stock.
Still think they beat, but we'll probably only get a small bounce compared to last quarter. Maybe $7, then cycles back down to $6 to form the next base to climb from. Similar pattern to April....maybe
Decided to dump my $6 calls, staying with $5 Nov calls with all of my profits from all of my SMSI trades, I'm guessing this is a double or nothing trade. If they disappoint me, I'm done with this stock.
Still think they beat, but we'll probably only get a small bounce compared to last quarter. Maybe $7, then cycles back down to $6 to form the next base to climb from. Similar pattern to April....maybe
Going to wait until Monday morning to add, have base position all set. Any add will be a pre-earnings run up play only.