WHat to look for in an earnings play.... GLT exampleThis is where I started making money off of earnings, so an example for my followers.
GLT had some issues in 2018 and tanked on every earnings, I made a bunch of money off of it, then lost a little when they straightened out their business last year. (I quit playing it after that)
In any case, you see how it tanked on earnings, melted up then tanked again? A lot like those recent earnings plays that I;ve posted.
I'm not getting ANY HELP from my followers, so here's how to do it:
- Go to marketchameleon.com and check out stocks that moved big (up or down) last quarter
- Chart the stock, see if it melted back up (much harder to short stuff that's already at the bottom)
- If it melted up, look at financials and news.
- Buy puts if nothing has changed, because that means another drop.
Hit me up if you find something, I can look at the financials for you.
NOTE: This has nothing to do with what GLT is doing now, so please don't flame me if you're holding GLT stock.