On any gaps up that is, it has worked in the past. BOTTOM LINE: these guys have to get new sales growth above much higher than 5% to justify the high price to sales of almost 10X 5% is great if your doing a billion in sales each quarter but not for 90mm
Lots of smoke and mirrors here waiting for some real resumption of growth.
Not a good strategy if you're goal is to make money. I've been selling puts since its crash months back and that has been paying quite handsomely. If you blhad been buying puts over that period you have lost all of that. This stock cratered, has found a bottom, and is now rebuilding. Just go long stock or sell out of money puts and if you get put stock it'll be a bunch lower than it is now.