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RichardRimes

Registered: Oct 2005
Posts: 2528

06-27-12 03:34 PM

didn't find any news for the 4%drop

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loufah

Registered: Nov 2001
Posts: 1129

06-27-12 10:25 PM

Negative analyst comments. http://finance.yahoo.com/news/chipo...-180046569.html

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RichardRimes

Registered: Oct 2005
Posts: 2528

06-27-12 10:26 PM

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Chuck E. Cheese

Registered: Mar 2012
Posts: 115

07-21-12 06:40 PM

22% haircut on Friday 7/20 due to lower guidance for growth. I believe this is the death touch for the bulls.

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FreakofNature

Registered: Jun 2011
Posts: 1060

07-21-12 06:45 PM

Quote from Chuck E. Cheese:

22% haircut on Friday 7/20 due to lower guidance for growth. I believe this is the death touch for the bulls.

This is precisely why I call pre-earnings a gamble. Before the report it was anyone's game, now it is more than clear where it is heading next.

All rallies should be shorted imo so I concur with the Death Touch

High growth stocks are beautiful to ride, until the growth slows down, then they are punished to no end.

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RichardRimes

Registered: Oct 2005
Posts: 2528

07-21-12 07:06 PM

In June I was modestly short via an OTM call credit spread. When it droped late June I looked to put on an August put spread. I did a debt 375/370 put spread for a buck before earnings. The idea was if earnings were reasonable to good I would then sell a farther OTM credit spread for something over the buck. And if earnings came in light I'd have a chance to make good cash. After the tank I just obviously cashed in.

Now I'm a bit stymied. I haven't a clue how far this turkey will drop. I could do a credit call spread but hesitate since it could rebound past my strikes. I could do another OTM debt put spread then create a condor but again right now I don't see where it might stabilize. Nothing but air below.

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