I have been trading SPLS for years. Out of about 150 short term trades, at least 140 have been even or profitable for me so you can say I love playing this stock. I wanted to short this so bad on Monday but forgot to do so and missed out. I short and buy, just depends on the day for this one. I would appreciate any educated traders opinion on short term movement, just to Friday, because I decided to short only 500 shares right now thinking it could drop again tomorrow. DO yall see a rebound or more falling? I cant see this going above 1245 anytime soon while I could see it hitting 10-1015 so the risk/reward seems greater on a short for a longer term trade than I normally trade for.
I havnt traded this stock ever eccept I bought some today. I went down after their earnings to 10.99 and then up to 11.50. I would suggest the people owning this stock that stayed in will probably stay in. if it gets below the 11 dollar spot then there would be more selling. Today it lost some on more than usual volume but didnt lose that much, 9 cents, you would think if people were going to sell they would. I dont expect a Quick rebound, possably but doubtfull. Personally I would think it would trade in a fairly tight range for a while until some sort of news brings it up or down. Don