it looks okay, as Steve mentioned, 50 day MA close buy, perhaps
a stop at yesterday's lows
as far as cash flow - their business dried up over a year ago
because of the foreclosure moratorium, which is their main business
- since that moratorium expired in July their earnings should
theoretically come back - that's why I added it as a swing idea
back in late July on that assumption and it's been a good trade
since I first profiled it back then
ASPS has come down to test 50 day - after that big spike
out of the wedge which was a great trade. I prefer companies
that cash flow for swings so to me it's simply a trade and you can
look for a reversal and place a stop in conjunction with your
style.
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Matt or Steve, Any thoughts
Posted by tradesavage on 9th of Nov 2021 at 04:33 pm
Matt or Steve, Any thoughts on ASPS? Seems to be constructive, I see it has had some activity in the community previously.
it looks okay, as Steve
Posted by matt on 9th of Nov 2021 at 05:14 pm
it looks okay, as Steve mentioned, 50 day MA close buy, perhaps a stop at yesterday's lows
as far as cash flow - their business dried up over a year ago because of the foreclosure moratorium, which is their main business - since that moratorium expired in July their earnings should theoretically come back - that's why I added it as a swing idea back in late July on that assumption and it's been a good trade since I first profiled it back then
ASPS has come down to
Posted by steve on 9th of Nov 2021 at 04:57 pm
ASPS has come down to test 50 day - after that big spike out of the wedge which was a great trade. I prefer companies that cash flow for swings so to me it's simply a trade and you can look for a reversal and place a stop in conjunction with your style.