When in doubt short overbloated garbage like WK and W.
Starting to see divergence and distribution as well, and absolutely no volume today. This stock has absolutely no liquidity, if there's a big sell order, it'll go down in a hurry.
Worst case I think it tanks next earnings. Small short position.
Starting to see divergence and distribution as well, and absolutely no volume today. This stock has absolutely no liquidity, if there's a big sell order, it'll go down in a hurry.
Worst case I think it tanks next earnings. Small short position.
Trade closed manually:
This POS just won't die. Closed all of my short positions this morning, took a loss on this one but made up for it and more with XRT and EWW puts.
Comment:
Lol, tanked on low volume. No liquidity in these thinly traded stocks when a fund decides to sell. Was busy closing out my long positions this morning and didn't notice until now.
Trade active:
Didn't want to chase it yesterday because I figured it'll pop today. Action looks weak, no volume at all. I think it through a bear flag here then has another leg down.
Trade active:
Taking one more shot at this POS before I give up. June 21 $60 puts for a day or two.