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LikeABantha
Feb 8, 2024 9:11 PM

TUP long entries  Long

Tupperware Brands CorporationNYSE

Description

trying long in the $1.19 to $1.04 range in case patterns repeat, risks: they do not deliver on their deadlines, no earnigs, delisting, bankruptcy, etc.
Comments
LikeABantha
would welcome a pop to the uper side the next days
LikeABantha
as assumed in previous post: it actually did bounce from $1.20, headed towards 1.60s and dropped again to the mentioned lower gap level at $1.04. Hence trying long here. No advice, there is high risk, see recent 10Qs!!!
LikeABantha
So far so good, it COULD go up again after this bounce from $1.19/1.20 to e.g. $1.65 and then down again to close the gap at $1.04 before end of March or do none of this. ER- and PR-wise the end of March/beginning of April is important for TUP. No financial advice. High risk.
LikeABantha
Feb 16 8k+news likely to stirr the pot the week thereafter: forbearance agreement with lenders, reciting older statement of "exploring alternatives" with financial advisors
Bravetotrade
Congratulations and well done for sharing your first idea with the community.
Hope you will be having great experience.
Thanks for your contribution.
From mod @Bravetotrade
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