What a pounding on no news. Long but no buyers after over 4% drop gives me pause.
I know this stock does this however it is puzzling why there are no buyers when this sells off. We loose 3 days up with a single down day. I jumped out for $2 but still have a hefty loss. Who knew we would see down $4 at one point? It makes little sense. Dropping over 4% in a day is surprising even in a down market. I was happy to get in after missing $2 down but it kept sliding.
Holding options too and they are harder to trade in and out so rode the whole move down. Bummer.
Plan to hold through earnings but need to use a stop with this type of action. Truth is I often miss upside when I use a stop with DECK because moves. We likely see $85 before earnings but I am starting to waiver with action like this. No bottom on down days??
Hard to imagine but I dumped out and shorted the stock for a day trade making a point. I guess at $83 I will be even instead of $84. What kind of mountain chart was that today? Not believable for me. Happy with $85 before earnings. We have plenty of time.
With round trip I am back long. I know most do not like to trade around a position but I often do. With 4 weeks to go I think I put in a stop most days that it moves up over $2 week of earnings.
Yep. Still snake bit from the 12 point drop but nice action today. Sold expensive options for $1280 profit. I may buy back if it dips tomorrow but seem pricey and big spread. Think we dip tomorrow and go over $80 next week. We have 4 weeks of this circus before earnings.
Half back but still down over $4000. I would like to be even BEFORE earnings. Likely will hold through earnings but usually have learned it is risky as a practice the way I trade.