Shopify softened a little over the holidays but had a strong bullish punch on Jan2. Earnings coming up at the end of January, so I expect a retest of the 50-day SMA and continuation higher. We have `JAN 18 2019 SHOP $90` naked puts sold for `$15.00` two weeks ago and `APR 20 2018 SHOP $90` naked put sold for `$3.80` one week ago looks good too.
This is what happens when there is no culture of innovation, a slow death slide. This is the MONTHLY chart of Sears -- who at one time was the nation's largest retailer during my grandparents generation.
Now they are forced to sell off their primary assets to buy more time to try to stay on life support.
$SHLD never recovered from their May 2007 high, 10 years...
STRP is a low float stock (5.82m shares) with a high "short float" of 46.93%. The higher it goes, the more shorts get squeezed and cover their short position, pushing price action even higher. Stock is up 30% / week and formed 2/3 leg of evening star reversal. Will consider long position about 36.75 or short position below 34.40. Will shorts get squeezed today or...
Friday completed the 2nd leg of 3, for the morning start reversal pattern. I will be going long if the price closes above $29 on Monday Dec 5th. The past 2 days had 2x relative volume, next stop $30 / 31 (overhead resistance).
Friday completed the 2nd leg of 3, for the morning start reversal pattern. I will be going long if the price closes above $29 on Monday. The past 2 days had 2x relative volume, next stop $30 (overhead resistance).
Friday closed the 3rd leg of the bullish morning star reversal pattern. I plan to get in bullish at the break above $29 with STOP around 28.46. Bullish engulfing candle as well on Friday. Overhead resistance around 29.75.
BANC has come under alot of criticism for their operations being a little too good to be true and eerily resembling another financial operator with links to the firm that turned out to be fraud (identified by some short activists). BANC responded that it's false and tried to use a firm that is a customer of the bank to help clear the air. We will see in the next...
GSM is an interesting stock, with almost 70% short float and up 30% for the month. It's had several unprofitable quarters, but yet still pays 8 cent dividends. It certainly got a lift because of the president-elect Trumps plans to build/repair the nations infrastructure, bridges, etc.