Lock-up expires 12/20. Should be a good trader this week. I'm surprised the open interest on the option chains isn't greater. Hmmmm.
I'm surprised I missed this one, what a great short at 70. I just never looked at it as I didn't understand the business. But who needs to when 10% of the shares outstanding is the entire float. $29.50 now. Short on any strength imo. You out there Eganon? Whats your take?
It's a very ugly looking chart. I noticed this company has apparently only been traded for about 6 months. I don't know this stock and I don't even know what sector the company is in. I don't usually trade stocks with little chart trading history because they tend to be more volatile and there is less chart information to see how people have traded it in the past (less predictable). So, it's harder to determine long term support and resistance. Having said that, this chart looks very ugly with very little positive about it. However, I think the Risk:Reward is getting worse by the day. The time to short was on Nov 22 when it was around $38. Now your reward is much less for the risk you take. I think you are a little late to the party. It could be one helluva a party though (could be very profitable).....it's just not one that I would attend.
Absolutely right. I started watching it earlier last week and considered shorting it and I think it was 32 or 33.... Yeah, definitely missed the BIG party on this one... but at this level... its going to be plus or minus $2 swings each day... which is huge for scalpers. Its also gambling lol. But with 90% of the shares held back... and no positive earnings forecast for another year or so... and 20% of the revenue coming from Facebook.... I gotta say.... this bitch might just get cut in half. Read up on their niche... AMZN and FB are gonna build their own. Solid short imo. If it hits $37... I mortgage granny's farm one more time.
I was thinking you got CRUSHED today.... Glad to see you did not short it. Up 15% today. As I said the strong move was to short at higher price. Now the trade is done