Netlist (NLST) - A Harmonic, a Schiff and an Earnings Report . .
. . Walk into a bar . . :)
All kidding aside and this is by no means investment advice but we've got two possibilities here. One could easily apply a Schiff pitchfork to the upside and be correct BUT, given that they missed earnings estimates with a -24% downside surprise and given the history of Netlist filling gaps, I'm gonna err towards the logic applied when we saw those big red douchy candles on the 23rd of July and then post earnings August 9th dump. I think we may see those gaps fill down below and I'd personally love to snap it up again cheap (bought at $0.65, took a few scalps between $2 and $3 before it got away from me to run up 20x . . sigh . . )
Some of you know that I take scalps so I'll be looking to trade this inside the pipe with the hope of longing into a $50 target position next year for some more good gains.
.
Anyway, Good luck friends!
All kidding aside and this is by no means investment advice but we've got two possibilities here. One could easily apply a Schiff pitchfork to the upside and be correct BUT, given that they missed earnings estimates with a -24% downside surprise and given the history of Netlist filling gaps, I'm gonna err towards the logic applied when we saw those big red douchy candles on the 23rd of July and then post earnings August 9th dump. I think we may see those gaps fill down below and I'd personally love to snap it up again cheap (bought at $0.65, took a few scalps between $2 and $3 before it got away from me to run up 20x . . sigh . . )
Some of you know that I take scalps so I'll be looking to trade this inside the pipe with the hope of longing into a $50 target position next year for some more good gains.
.
Anyway, Good luck friends!
Trade active:
@smithstone75 looks like it's already in the downtrend as bears a\seem to be winning at the moment
Trade active:
Netlist seems to be rejecting the up-trend here but we're continuing to watch it for clear signs of re-entry. I still like those bottom gaps, especially the $2.65 area ;)
Trade active:
for @smithstone75 here . . we're still in upper channel of the down trend but hanging around the 0.5 Fibonacci level for the total previous run up. I still believe in gaps when it comes to NSLT so I just want it cheap and won't buy at the current level.