I am shorting the farm and the house on this after hours, but going SHORT SHORT SHORT
I hope $22 is the very top and then we roll over back down tomorrow. Can that please happen as I think this has risen after hours for no particular reason. It cant possibly go higher than $22 now can it??
Why short at $22, sounds too low to me? Last quarter, Medisfast has horrible PR, stocked first drop due to NutriSystem bad news, then its delayed earnings with adjustments in prior earnings, further delay in announcement till last possible date and huge miss in earning, that's why the stock tanked. This quarter, earning was up, exceed expectation, why would the stock drop? How many people would sell at this point? ps: I first bought at $28, then averaged down. Held past $15, can't imagine it would go down to that level again.