Here we are, same price as before last earnings. After beating expectations we popped a few percent and then dropped. After a $100 million buyback a couple days ago, which should have moved it over $12, here it sits again. If the SPY dropped 10%, the scammers would take this back to $9 imo with no problem. Unpoliced criminal scammers with no accountability from the worthless SEC
This stock has been acting like a failed pharma since Friday. Who the hell is dumping 5% below the bid this morning. Freakin morons
Awesome daily pattern on this and intraday it was setting up nicely right under the $12.07 daily high. I'm gonna prepare for two things: First, if it opens where it closed or nearby and immediately gets a volume push through $12 I will take it but with relatively small size because I'm not fully convinced this will hold since it's so extended on the 15 min chart. The other plan would be if it flops out of the gate (this actually would be better IMO) I will look to get long around $11.80-85 with a stop under today's low. In the second scenario it might need to be a swing to break that daily level. In the first I am ok with adding more once it proves that it will hold above $12 and develops an uptrend.
AH increase is due to Cramer touting DENN on his show tonight. He said that they had another "Grand Slam" quarter and couldn't believe that it was down 5% in AH trading yesterday. He said that Denny's run was in its infancy (or something like that). Anyway he talked it up pretty good.