Popped 20% after earnings then pulled back, I think it goes straight back up to ATHs this week

    https://i.redd.it/a7ut2ihpspjg1.jpeg

    Posted by 1jb

    12 Comments

    1. what_could_gowrong on

      Popped during earnings and then pull back that means there’s no big capital commitment and there’s a bunch of big sellers using the earning hype as exit liquidity… If I were you I would exit these positions ASAP

    2. PhysInstrumentalist on

      Bad move; looking at the price, I don’t see any fat green candles to indicate an incoming rebound.

      I also believe the overall market is turning bearish; if true, then most stocks will continue to fall, the money won’t be in calls.

      If you don’t see an outlier candle, don’t try to fight the trend. I would cancel these contracts at a minor loss until you get the time parameter tuned up. Just rip weekly puts on this if anything.

    3. “Need to make back” you do realize that money doesn’t exist anymore and you’re just gambling and can lose that amount right? Right?

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