a good example of why not to get in front of this trade
before earnings. earnings guidance is for lower earnings and growth
for 2014 (none of this was unexpected). now it gets
interesting. I will monitor stock reaction today and tomorrow and
will consider an OTM short put position for monday open. (this
will also impact MOS and AGU which will need to be reviewed in this
context) good trading. Haz
Posted by c32y7pr8 on 29th of Jan 2014 at 10:55 am
Thank you hamvestor, I have a position only for today, but
expect to trade it regularly over time as it recovers. A broker
report has just upgraded POT to $37, where it was not so long
ago.
I like that thinking, however my rule is to await earnings (why
step in front of that unknown) so I'm waiting for the post report
move to decide when/where to establish a short put position. last
position got assigned in December, sold covered calls against it
and 'lost' them this month.
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POT
Posted by c32y7pr8 on 29th of Jan 2014 at 10:16 am
Fallen sharply back into the middle of its recent range. Very interesting today with narrow Bollingers on hourly chart. Low risk attempt at a long.
POT earnings mis
Posted by hazbin1 on 30th of Jan 2014 at 07:39 am
a good example of why not to get in front of this trade before earnings. earnings guidance is for lower earnings and growth for 2014 (none of this was unexpected). now it gets interesting. I will monitor stock reaction today and tomorrow and will consider an OTM short put position for monday open. (this will also impact MOS and AGU which will need to be reviewed in this context) good trading. Haz
POT reports earnings tomorrow before
Posted by hamvestor on 29th of Jan 2014 at 10:39 am
POT reports earnings tomorrow before the market opens, so be careful.
Thank you hamvestor, I have
Posted by c32y7pr8 on 29th of Jan 2014 at 10:55 am
Thank you hamvestor, I have a position only for today, but expect to trade it regularly over time as it recovers. A broker report has just upgraded POT to $37, where it was not so long ago.
on my watch list
Posted by hazbin1 on 29th of Jan 2014 at 12:04 pm
I like that thinking, however my rule is to await earnings (why step in front of that unknown) so I'm waiting for the post report move to decide when/where to establish a short put position. last position got assigned in December, sold covered calls against it and 'lost' them this month.