This trade worked out well. Waiting for the next panic attack and sell my options one way or the other. BTW I bought my first LULUlemon workout pants worth every penny. Fits, it is comfortable and looks great.
Exxon (NYSE:XOM) reported earnings this morning. They managed to make $2.8Bn even though they lost $538M for the Qtr from the sale of oil but made it up with an $854M profit from refining. All this because of cheap oil inputs. If this is true across the industry ALDW should do well too.
Number crunching is just not enough we have to see potential. For me it is a "Sell the News event". The nice thing about LULU is that it goes from $68 to $47 in no time and back. So be careful out there.
The market seems to discount heavily the amount awarded by the judgement. I posted here years ago that it is one thing to get a favorable judgement and a totally other to collect. Seems we have arrived at that point!
That makes sense. Was wondering why Horizon could not get any traction above $19.