I really should have followed through on some of my earnings bets. Every company that missed earnings is getting HAMMERED!
SGMS, CENT, look at LPSN (wow!), UAA, etc.
A lesson for the next time we're in a bear market, don;t bother shorting the big boys, when in doubt, short garbage.
Wsh I had seen this last week, lol.
Not sure I want to chase it at this point, but wow.
SGMS, CENT, look at LPSN (wow!), UAA, etc.
A lesson for the next time we're in a bear market, don;t bother shorting the big boys, when in doubt, short garbage.
Wsh I had seen this last week, lol.
Not sure I want to chase it at this point, but wow.
Trade active:
Stupid thing filled the gap today, had to short that with March 20 puts. Still plenty of room until support.
Comment:
Apparently this company is a Ponzi scheme like Wayfair, the more revenue they "earn" the more money they lose. They do not have a viable business model, headed to zero eventually, much like Wayfair. 4 years ago they were trading at $4, sounds about right.
Trade closed manually:
Closed all my garbage shorts after the circuit breaker. Might go back into this if it fills the gap
Trade closed manually:
I re-entered the trade yesterday, flipped the puts before the circuit breaker
Trade closed manually:
When in doubt, short garbage, lol. Held these puts over the weekend, and flipped them this morning.
Comment:
Oh look, PoS hit my target.
Moving on to something different, this is off my list now.
Moving on to something different, this is off my list now.
Kicking myself for not figuring that out last week. Oh well. There were definitely some easy plays there.