Company has been doing well this year, plus airline figures show travel hasn't dropped off yet.
Expect this to move $2 or more on earnings up or down. I'm going long... (I must be bored to be playing with this, lol.)
Trade closed manually
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Take the money and run...
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Earnings report wasn;t that great, Y/Y increase but Q/Q decrease. They need to stop chasing bad money with good, get the heck out of China where they're losing money. Too much competition there for such a small player.
In any csae, I dumped on open, made a profit. Any trade where you make a profit is a good trade, though I got lucky that some idiot decided to buy on open.
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If you;re the type to do long term short trading, this one is probably headed to $8 before the next earnings report
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Kinda kicking myself for not buying Aug $15 puts on open yesterday, especially after this POS gapped up. Oh well.