figure it's about time i post something, but no charts. both
names have been noted on the blog in the past. fwiw: i've sold
augie puts on both (i have some expiring tomorrow so it was time to
put new ones on), Ecyt 6's and Xco 5's. note both have earnings ~ 2
weeks from now (I'm anticipating both meet/exceed expectations).
both appear to be consolidating chartwise, 'nicely' at current
levels (give or take ~ $0.25) the standstill rate of return is
rather attractive in my eyes. lastly, both have decent balance
sheets/ cash position
butno earnings to speak of.
due dilegence on your part is required before you take a
position. reminder, i'm a chicken at heart, thus i prefer
selling shorter dated puts to taking a long position (in most
instances). good trading.
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Ecyt and Xco
Posted by hazbin1 on 17th of Jul 2014 at 10:28 am
figure it's about time i post something, but no charts. both names have been noted on the blog in the past. fwiw: i've sold augie puts on both (i have some expiring tomorrow so it was time to put new ones on), Ecyt 6's and Xco 5's. note both have earnings ~ 2 weeks from now (I'm anticipating both meet/exceed expectations). both appear to be consolidating chartwise, 'nicely' at current levels (give or take ~ $0.25) the standstill rate of return is rather attractive in my eyes. lastly, both have decent balance sheets/ cash position butno earnings to speak of. due dilegence on your part is required before you take a position. reminder, i'm a chicken at heart, thus i prefer selling shorter dated puts to taking a long position (in most instances). good trading.