Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Thanks for the great PM’s from the members who followed me on this trade and made money! I’ve been correct on my last 3 earnings plays. Stay tuned :)
Shorting this before close prior to earnings release tomorrow morning. :)
I appreciate the PM, sorry it took me a bit to get back to you. I have to post publicly as I don’t have a paid subscription so I can’t PM you back.
I currently do not have any interest in Crypto or Blockchain investments. I believe they have some buildable substance to grow from however it is still very new to the public eye creating too many possible government regulations. Once the ground has been created I would then look into them further; too many unknowns for me to dive in them how I do with equities and commodities.
I appreciate your nice comments and sorry I couldn’t be of more help on what you were looking for. Continue to follow my posts as there will be a few big plays I’ll be doing this week.
Thanks and good luck!
MM - EDGA on the 4.60 ask, interesting...
I love this stock. I’ve made more money shorting this sucker than buying into it LOL
13’s here we come :)
They filed for a mixed shelf offering size not disclosed. Tanking again :)
Definitely did :) Still a safe zone and a solid hedge in my opinion.
Playing it safe, respectful. I don’t believe I’ve ever met any other trader as aggressive as I am lol
Called that perfectly. Had a feeling this would drop below $17 after the bell. Hopefully you shorted this sucker on top and didn’t buy into that short lived squeeze right before the bell :) Plenty of opportunities to play this both ways as long as you’re on the right side as it goes up and down haha! Love it!
Covered now
Just banked $6K in less than an hour :)
Nice little squeeze from the the 16.60’s but down she goes!
Shorting more here
This will drop well below $17 today. Anytime this company misses revenues it tanks hard.
Shorting :)
Buying in here. This will easily retrace back upwards tomorrow. Dollar has resistance at 90.5 as well which couldn’t push through today, we should see the dollar fall back a bit while gold will gain back some of its losses from today. :)
LOL exactly. There is an actual petition to change it back yet they care less. This is set to fail if they are stating to the investors “they’ll adapt and get used to it” when most of their users are 12-25 years old that don’t like change exactly as you mentioned. There is a reason behind FB changed their platform so many times and just didn’t tell their user base to get used to it. Give me a break. They are cutting down their own company as it was just starting to actually get some where. I’ll be shorting this prior to Q1. The longer they stick with this new platform the better the chances this will tank for Q1.
Ironic enough they state “the users will adapt and get used to it” Normally a company would listen to their user base at this great of a level. They probably did the change to accommodate Ad’s or for a greater data pull however that won’t compensate for anything if they lose half of their current users. I agree this is going to domino, not only by user but through their whole company. Less users, less subscribers, less ad watching, less ad deals with companies, less revenue, it all spirals one by one and at the end of the day the investors will get a bad Q1 which is bound to happen if they don’t revert back to their old platform in hopes the damage hasn’t already been totally done. I’m making a note to myself to possibly short this right before Q1 is released. This will be an amazing play.
I agree it is publicity but bad publicity and accurate at that. When you have a company with a majority of users being teenagers and an icon trashes that company there will definitely be followers. Watch Q1 will have a tremendous loss of subscribers which will cost heavily in ad revenue. This is not good at all. Think bigger than just a twitter post.
I have to admit the new Snapchat update was a game changer. No one likes it. Not really surprised this tanked. Debating if there will be some sort of bounce again besides this mornings action.
I’m happy I’ve exited here and didn’t buy back in earlier. I had a feeling what happened would happen. Gap up and then tank to where it almost started. Didn’t fall for it this time around.
Oh ok. Nice grab at $40! It’s a nice LT hold and definitely will do well. Wish I bought more early premarket. If it drops back down to the $40 range I’ll most likely jump back in.
Agree 100%. Earnings were strong, slightly off with Q1 forecast but the consensus was pretty much on point and even better with the full year. Shorts have covered or will be covering soon if they don’t and the ones who sold in the dropping PPS yesterday will end up buying back in. Should see some nice volatile fluctuations in PPS today so be cautious if you are planning on flipping.
Sold my 2000 shares at $42, I’ll buy in again as it retracts down a bit. Made a nice jump from $39 range to slightly above $42. If it drops back to $40 I’ll scoop again.
Ironically most people don’t even look at the earnings and just assume they are good or bad based on the movement the stock moves towards which is wrong! I bought into Tesla prior to one of their earnings last year and it tanked like this one even though their earnings were fine but car production/delivery numbers were slightly off. I was down thousands of dollars in AH. I held out as I knew it was a dramatized drop for no reason which enticed people to panic. Well long story short, all the shorts ran to squeeze the next day once articles popped up stating how great the earnings were and it jumped just as high as it dropped the evening before. Should be a solid day here tomorrow. Currently sitting with 2000 shares :)
Most shorts have covered from this drop from holders panic, the rest will be squeezed as it climbs back up. Earnings are solid not worried, will see an easy 10% bounce tomorrow and then a climb back up. Shorts know they need to cover, they got lucky by a over dramatic drop. Mark this post this is a Tesla earnings drop then it pops back tomorrow :)
Mark my post this will come back up at least half the amount it’s dropped. Easy 10% plus bounce tomorrow. Shorts will cover pushing it even higher in the process. The key is the earnings was a best, revenue was a beat, all around best other than a not as expected guidance for Q1. That’s peanuts compared to what the positive is. Same thing happened with Tesla and it came right back up the next day after it ranked in AH like this is doing.
This is an over dramatic drop and will see a decent rebound tomorrow which will make the shorts cover. Don’t worry this has happened many times. If you really look into the earnings report it isn’t bad. This is what happened with Tesla and then rebounded the whole amount it dropped the very next day.
Actually the earnings weren’t bad if you read into them. Buying in here around $41
Anyone playing earnings here??? Debating to scoop some prior to the bell.
It would hit at least $5 today :) lol
Told you :)
It’ll finish strong, it’s holding great and people will want to be in it for after hours as that’s normally when they release to good news.
Let the damn thing run, people flipping for measly ticks. Once it broke $4.90 it’ll run past $5 immediately. L2 so damn thin!
It’ll be over $5, all it needs is that little bit of buying pressure as it’s starting to get now :)
This will be over $5 prebell or run past it right after the bell :) Get ready!
Lol ok shorty
Great article, this is going to sky rocket :)
Exactly. I’m sitting tight this thing is about to make another jaw dropping gap and run like it’s done several times in the past yet this time around it’ll keep going up. It has much more going on for it now than it has ever before.