timwest
Long

UA - UNDER ARMOUR - Reports Earnings Tomorrow

NYSE:UA   UNDER ARMOUR INC
560 4 6
It is in a triangle as it awaits its fate, likely to move up or down 5 points on the release and update on its forecast for the coming holiday season.

Nike             reported Sep 24 and the stock shot up sharply on strong growth in China. Perhaps UA             will do what it seems to do best, follow NKE             wherever it goes.... NKE             went up so I think UA             will go up. Simple logic.

Risk = 10%
Upside = 10%

This is a 1:1 trade, but I think the probability is higher than 50% that UA             will beat given that NKE             beat. So, if we take enough of these trades it will pan out. If it was 50/50, I'd suggest just going to the craps table instead.

Tim

12:04PM EST 10/21/2015

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vaicru PRO
a year ago
What happened ?
Reply
couldn't find a table.......waited to see reaction........long @ 93.12.....stop @ 88.50....I'll give it 3 or 4 trading days and see what to do next......If I'm not stopped out by then..........
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thelab
a year ago
Close but no cigar. Betting on an earnings releases is always a 50:50 gamble. In my opinion, slightly better than craps.
Reply
Was able to buy again @ 88.08.........lowered me to just over 91.40ish. MOC which gave me a gain!
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