$81.60 (JBHT) Trucking, inter-modal, logistics. This one was supposed to report today, moved to next week. Never a good sign. If CSX comes in lousy tonight, you can bet this one will see some pin action. Earnings re-scheduled for 10/17. This one is going down. If it pops on earnings... which I don't think it will..... short more.
When trucking stocks are declining, so is the economy, think about it, less revenue means less loads they hauling, Walmart is not selling as much as people are not buying so much. Follow economy by Transportation Index.
I don't follow your rational. You say a delay in earnings is a bad omen. But when earnings actually surprise to the upside you think it's also a short and you would sell into strong upside momentum. Makes no sense.
Dude... you are truly a guru. I had completely forgotten that every time a company releases good earnings.... the stock goes up; ....... and conversely, bad earnings make the stock go down. How could I ever forget that?! Thank you soooo much. You the man. ($80.35 as I type.) Duhhh
That's not what I implied. I stated that it's bewildering that you time and again make calls to trade against momentum and time and again you are proven incorrect. A little odd how steadfast some people insist on doing the wrong thing over and over again with the pain of the previous mistake still in the bones
So I covered my short at the open. Just like I said, it popped... to $80... got more puts at $0.90... and closed those at the close. Its called doubling your money in one day. Try that with a 2 cent drop on the GBP. Duh.
1:15 for you, congrats. You would of course have come out and admitted you were wrong, in the much likelier event that you had lost money in this trade, but I right?
ah? Where did I ever even make a call on NFLX? You must be confusing me with someone else... P.S.: And if you truly doubled your money on a 2.x% move with options then congrats that you get to live another day, cause you either make up stories or were so insanely over-leveraged that you were one step away from blowing up. Perhaps you can walk us through exactly which strike and expiry you traded that caused you to double your money on a 2.x% move in JB Hunt?