Yup! It's has been like this for past 5 months..
Thanks to whoever made this call, it has been a very profitable one.
Let's do this again next month!!!
JASO - very nice trading range...
Not sure if anyone notice this..
Back in July, Zacks have a STRONG BUY rating for JASO.
After this miss of EPS of 21c for Q2 earnings, eventho ZACKS didn't state that negatively and wrote a positive tone on it (beause it still was better than last year) but they quietly downgraded their rating from STRONG BUY to HOLD.
After the disappointed earnings. CNBC now says "STAY AWAY FROM THIS ONE" for now..
I guess we're heading back to below 9...
Look, it wasn't them. It was Wall Street. Just look at the consensus estimates. How can you have such a high EPS? More than 100% from last Q? Does this make sense? Don't blame the company when you estimate WRONG!
Actually not really. After earnings, it will tank or pull back because it already ran from mid $8.
Therefore, I think people who wanted to go long can still buy around low $9 after tomorrow disappointment.
The bar was set pretty high for JASO to beat the estimates. I don't think JASO is ready for profit yet. Just
On the technical side, there is also a gap between 9.45 and 9.60 to fill.
I think short term, JASO will definitely pull back to this level here.
It is safe to sell at $10 here.
Just short term. I'll put a stop at 10.25.
I think it will pull back right after earnings tomorrow - no matter how good the results.
If you wish to get your money back..