Out of my short at a small loss. Chart says the upward trend will continue. Earnings 2/28 Sidelines Will short the news. Its overvalued, but that matters not right now.
Papa John's Delivers Stale Q4 Earnings, Misses Revenue Estimates http://www.nasdaq.com/article/papa-...q4-earnings-misses-revenue-estimates-cm750985
Did you get in short pre-market? Down $3.60 at the open. Easy play. Some might say however, that Dominoes has stolen Papa's biz. Kinda like the wireless carriers have done to each other. Might be a good long today. Who knows. $185.30
Huggin that $185. Earnings tomorrow.... Where's the option gurus? T/A gurus? This is the play of the week. Its gonna move one way or the other. Sidelines here. Long term... its an overvalued stock.
Personally, I wouldn't short this market. You would be better off going long things that go up when equity markets go down. But having said that it looks like it's due for a retracement to the $177 level from a TA perspective but again I would not short here. Better play is to wait for the price to retrace and buy when looks like going higher again. My $0.02
Thanks EG.... I'm just watching. But with your T/A call on a retracement... And my fundy's... It'll be fun to watch an options paper trade.
$DPZ Knew I should have averaged down calls earlier. Not chasing or adding but will let them ride from here.