hungry_hippo

USKA Dead Cat bounce on earnings

Long
NASDAQ:USAK   USA Truck, Inc
This stock has been getting hammered like it's losing money. Expecting record revenues, but their margin will probably take a hit on labor costs.

Looks like a lot of shorts covered 3 weeks ago so I'm not sure what kind of bounce we get, but going for 1k shares here. Earnings Thu after market.

Also looks like a wedgie here.
Comment: Sold half my shares here, holding 1k shares into earnings tomorrow.
Trade active: Back to being "all in" for earnings tonight. 2k shares...

Worst case scenario, it will retest the bottom support at $9.11 tomorrow. Best case scenario it hits $11.2 on record revenue.

I'm pretty sure revenues will be good, not sure about costs... KNX has been rallying since earnings and this got dumped on.
Trade closed manually: Out AH at $9 for a loss, earnings sucked. Took a major hit from flooding in Arkansas.