Always sells the stock at a profit in this case over 11 dollars and will hope to get it as cheap as possible and buy it back. Smart money came in at 7.70 and will wait to see if they can get it a little lower. But last time they got 6 this time they are happy with 7 and if it does not get down to that they will be buying strong at 8 and hoping to get more than 11 on this go round. Not complicated in fact very revealing if you study the chart. So if your in on avg of 8 dollars you are very safe and should be adding in this area.
bottom line with this stock is that it is in the top 10% of stocks as far as its ability to maintain and even continue to beat current earnings projections. most companies have lowered guidance or had their estimates lowered. and even with that, DTLK is currently trading BELOW its 50 dma, which is at $8.89. this stock has a lot of upward mobility at current prices.
I own a lot of stocks and many over the years and I have seldom seen a stock trade in such a repetitive pattern like this. What the larger picture offers we are in a solid 1 yr uptrend a perfect symmetrical triangle where there are higher highs and higher lows. As long as management delivers you will make easy money here as long as the shorts are willing to play the game like they have so far.
I believe you. I'm just saying that DTLK tends to follow the market until relatively shortly before they announce.
FWIW, I did roughly the same as you, though I was dollar cost averaging between late May and June 20.
On May 15 I was holding 5K shares, but by June 20, I had a little more than 11K. By July 25, I was back below 5K shares.
Doing something similar this quarter. I'm done with the buying phase, though I bought some shares on margin late last week and sold them yesterday.
I can show you the buys I made when it got sold off. i was accumulating in lot shares for 4 solid weeks from just over 6 to when the stock was just over 8 before earnings. this pattern has actually started a few weeks later than last Q. But we now see that same steady accumulation accept this time before 7. The same basic thing happened the Q before that. This stock is an amazing example of a stock repeating itself in the last year.