Had a target of 5.85 ,,,,but i would hold off til after earnings,,,if as bad as i think they will be ,,we may go back to the beginning ,,with a 4.80 support...hold off and buy the selloff after earnings and flip it in one day...then set your position .For those who didnt heed my advice,,,all i have to say is i told you so.$10 was an early XMAS gift ,,and if u didnt take your present....shame on you...Rkboy still watching,,and sweatpump ,,hope u sold in Sept. Looking to get a position near 5,,,but will flip this everyday during earnings,,,Happy Trading and Happy Holidays!!!
I'm concerned about the current floor level dropping back to the $5.30 range myself. It seems deceiving right now those since this looks like a possible floor level to bounce off of. What do think the chances are for this current floor to drop?
Earnings for this next qtr. were have been perceived not to be very good ,,that was stated before last qtr....thats why the run to 10 was a gift,,,if this sells off more than 2 dollars a share with decent earnings,,,,,god knows where it can go with a bad report.This is the way it has traded for years,,so a pullback to 4.80,,with a bad earnings is right in line......id start buying near 5.30,,,though,,,but dont go all in...im all in at 4,80...but its a quick trade for now,,,u may get a day trade after earnings...play the dip...sell quick