I'm short Ericy

@ 29.91. This company has a track record of disappointing earnings in it's history. P/E is about 130. IMHO ericy is totally crap. In addition totally overbought. Anyway, let's see what happens. With a P/E of about 130 there isn't much space for errors. Ericy management has a strong reputation for doing regular big mistakes. IMHO current upswing is just a fluke.

 

Do you follow ERICY regularly? Friend of mine got caught short at $21.12. Do you think it might go that low?

 

1) Yes.
2) IMHO not within the next few weeks.

 

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Been there , shorted $7.00 area in bear market when it didnt have any ''e'' in the P/E.

Noticed it not going down much about the time new management came in.

 

I covered half of my position @ 29.12. Nice intraday profit of 2.6%.
Try to let the rest ride.

 

I have just called my friend and he asked the question: Would that be wise to write april calls at $30 strike price today? I don't know this company, so I would appreciate the tip!

 

Well, you have to make your own decisions. Anyway, I will give an update on this trade.

Good luck.

 

IMHO US- options in Ericy are not that liquid, pay attention to the specialist.

 

Are you still short?

 

Why do you ask? As mentioned I will give updates.