Short interest is at 32% of float. Started a position at 27.15. Seems like there are too many bears piling in. Could see a bunch of short covering before earnings. If earnings are good, we cold see a mega squeeze. I definitely wouldn't be short here.
Nice fast breakdown after double top and H&S (I adjusted the chart a it from an earlier one). Could go lower if China keeps dropping but I Took profits at $23.50 form $29.30. One of the best trades for me this year
Double top with a MACD cross. I'd wait till Wednesdays China markets announcement. Here is the info on that: www.marketwatch.com
Should be a nice short with a stop of $31.50 if nothing happens in China Wednesday. Target $26
King just released a new game called Alpha Betty Saga. Alphabetty is already #1 top free game on iOS. Grossing Rankings have not caught up yet but I believe they will next week as the game was released only Yesterday.
One thing to note is the Bollinger Band squeeze. The last two times this happened, it ripped higher. Hoping for the same on this squeeze,...
Earnings released today that beat by .01. Revenue disappointing by a little. Guidance for next quarter weak. Could go below $11.75
Covered half at $9.60 for a nice 25% profit. Holding the other half for a target of ~$9.40