PD Update

Kept saying this is a garbage stock, same with PTON and SFIX. Anyways, they're all down, but much like PDD I think this can tank further on earnings, they keep pumping this garbage up on crap earnings and poor guidance, lol.

Expecting an up day tomorrow, might grab a couple puts as a starter, will definitely buy puts Dec 7th before earnings (after close).

Comment:

Broke support and got that $32 gap fill I was talking about months ago.

The bubble is popping. Also, just because somethings oversold down;t mean it can;t g down further on earnings.... OKTA red AH

Comment:

LOL, PoS dropped before earnings. Might still play it next week, we'll see.

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ALso, given the pennant breakout, the long term target for this PoS is a double bottom

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Much like every ARKK holding, this one is oversold on the daily, both RSI and MFI

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I think it fills the gap (from this morning) on earnings, but there's really no good options play unless you want to do a spread...

Trade active:

Bought a couple of $35 put contract for kicks and giggles, so I pay attention to it. If it gaps up on earnings, it'll fill the gap eventually, so I plan to buy Jan puts if that happens. Just a position so I keep an eye on it.

The mart play here would be to just watch and see if it gaps up then short it, but I tend not to watch stuff unless I have a position

Comment:

Up $4 AH on no volume (240k), probably gonna add some puts tomorrow, but don't really recommend this play. I just hate this stock, which is really a bad thing, lol.

Trade closed manually:

Took teh 50% loss, made up for it with PDD puts overnight so calling it a wash instead of watching this turd

Comment:

Hilarious pump and dump. I decided to move on, but if I had held those puts I could have gotten my money back today.

Chart pattern looks identical to SFIX including the earnings pumps/