Some of us are options players so we do care about daily and weekly prices. If you don;t care then maybe you shouldn't reply to threads that speculate on it.
I firmly believe that even without good news BTU will jump in the morning. Horrible news is already priced in plus BTU in the past has consistently risen on earnings day (sometimes even after a #$%$ report like it did last quarter. I am not saying it will hold the gain on Friday, but I fully expect tomorrow to be a green day,
What a pos
Your trading luck is exactly like mine except i trade in options so I really on a tight timeframe. When I short home builders they go up every day and when i buy short term calls on them they tank. I really believe some people are lucky and some people are not lucky in gambling, And despite claims to the contrarty, the stock market isnt much more than legalized gambling.
being aided by low volume. MMs and shorts can move the stock at will to cash in their puts the am and then will buy calls and run clf up in the afternoon and cash on those too. So predictable.
From the darling of the home builders in 2012 to the dog of 2013. Down well over 10% since January 30, all during the bull market run. #$%$
I did short the home builders but unfortunately covered too soon and bought back in, which has been a disaster. The only one that I didn't buy in with is KBH and look at that one, which I know you liked. I have the worst luck lol. I should sell my buy list because as soon as I buy a stock, you can count on it going down for the next few weeks lol.
Down 15% since January 30, during a booming market. KBH has roared past PHM and once again is green today while PHM flounders in red, which is becoming the norm. Selling all my PHM on the next green day and moving to a housing stock that can actually be green more than one day in a row.
During the next two plus weeks before earnings, the shorts will hold the price down, but will be gradually covering at the same time. At this price level the risk of being short going into earnings is much higher than the reward.
The key is to get over 19.00. CLF has continually been beaten down after passing 19.00. Key reisistant point now.
Zero chance CLF will close anywhere but between 18.50 and 19.00