Not real sure on this one, only a small play. Last time W tanked on earnings, it hit the 50DMA and dropped. Do we get a repeat? If it breaks through, it's probably going to set a new high. I would not naked short this one, bought Jan puts. This is one of the biggest Ponzi scheme in the market. Anybody can increase revenue by selling at a loss. When W goes...
They pumped this garbage stock yesterday on what appears to be massive short covering, got lucky and grabbed some Dec 25 puts for $1 this morning. Figured there's no reason for this to be up when the market gapped down in the morning. Thinly traded stock, options don't trade at all. Stock doesn't follow the general market, which is good since I expect the...
Seems like we're done with another real estate and stock market bubble, could be a double top on XLF.
Pretty good liquidity on UAA weekly options, this one might be a good short term trade (as in 2 - 3 days). I'm already in this morning but you may want to see how the day ends. UAA goes gap with the market, so if they pump futures on Monday this will gao up. Overvalued though, based on this blowout quarter it's got a P/E ratio of 33 and no dividends.
No volume post earnings, big spread between bid/ask, no traction on a big up day for the market. Expecting a slow decay as momentum traders lose interest. Target $41, lower if the market tanks after this dead cat bounce.
Is the bounce over or gap fill? Dying brand but dividend is still 4% even after they cut it in half. Seems like it ought to drop a buck or two in the next week.
Didn't drop today, huge short interest. Looks like a lot of covering, can't imagine anyone would want to go long on a dying business. DKS reports tomorrow morning, we'll see what happens there. Retail will be watching Dicks in the morning, lol.
Guessing this closes one gap or another after earnings. I'm guessing down, P/E ratio of 28 is way too high for an auto auctioneer, Carmax (CMX) already ate **it, pattern is identical.
Expecting it to hit bottom again after earnings
Drew up something similar for NFLX and it hit the target on the button. If charts are to be believed, AMZN still has a ways to go, which means it will be a huge drag on the market. The last time AMZN missed targets, it traded down then sideways until the next earnings. I don't expect a big up movement until then. No position, thing just costs too much.
Up a ridiculous amount barely beating estimates. With the lack of liquidity in the market, this should head right back down to low $40's by next earnings. There is a chance it can reach ATH before tanking though I doubt it.
Don't think it'll completely tank, but I figured yesterday wasn't the bottom.... No position, just an idea.
If they make a profit, it's back to $11