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Thanks. I know, I should've held the position longer! Oh well can't complain about it and be greedy!
Spelling correction from my last post: *covered
Should've held my short longer! Current PPS: $268.50/$269 I couldn't pass that gain though :)
George: Thanks for your PM and you're very welcome! Glad you followed my short trade yesterday in AH!
Coveted $270 thanks! Made close to $10 a share :)
BAM!!!
If you noticed today's performance had an $11 flux between HOD and LOD; almost the same high and low in AH. This will be dropping down shortly, hype doesn't last long and there wasn't a "pop" up from Q4 when it traded in the exact same range intraday prior to earnings. That in itself is not a positive for the PPS. Perfect time to short here when it's inflated even more than before for no reason at all :)
This is an emotional driven stock which is the reason it will fall just as hard as its risen. It's PPS is extremely inflated for what it is currently worth. Q4 wasn't impressive as some think and bought into the jump because it was moving "up". It sat down quickly to the mid 70's and won't be able to hold the high it hit in AH during tomorrow's session. If the market is red tomorrow which it most likely will be, this will trade right back to where it's been in the last several days and most likely lower as the "hype" off Q4 falls.
Shorting here :)
Called it on Friday, told you if it held the $16 support we'll have a solid day here today :)
God help who ever just got stuck in this!
Holding its $16 support area decently well, let's see if it'll hold that support level till the bell. It needs to close at $16 or higher - That is the key to the play for Tuesday.
Almost back to where I sold at now lol
Eps beat but rev was horrible. See below.
Eps/ .45 vs .13
Rev/ 7.3M vs 9.1M
Kicking myself for selling at $16! Oh well, a gain is a gain even if I missed out on a nice run up.
Sold my shares at $16. This is moving around too much today. Taking profit as the indexes are too mixed for my liking to hold a position such as this all day.
Just scooped 5K shares in AH here at $15.90 just now :) thanks!
It has nothing to do with undervalued it can't go anywhere without user growth. The whole company is based off user growth and it's failing. I say $15 by Monday.
2.4M block trade @ 15.60
The point is that this POS is trading OVER almost all of the targets. Targets are what the stock should be aiming towards not trading above it hence the reason why this is the most prime stock to short. I have no idea why everyone didn't short this at the bell! :)
Loving it! :)
Going to short here once I see if this drops at the bell or if there's a small bounce at the bell and then I'll short once it tips after the pop if there is one. :)
No prob! I'm a day trader with occasionally holding a couple days, so that was a big enough swing for me. :)
I may play this again but focusing on a few others at the moment.
Thanks, I appreciate it! Good luck to you on your trade as well.
I scooped a small position of 5K shares at 16.61 right before it tipped into the low 50's. Sold at 16.65 and then of course it squeezed to 16.92 where it's at now. Oh well. I wasn't sure if it would keep dropping so I took my small profit being that I was down a few hundred right after I entered. Too much going on here to play it other than a flip which seems to be non stop opportunities just jump in at the right time and the right direction and you're set lol
Thanks, I'm exiting my position here now, $46 was my target mark and bid is sitting $46.50. It may continue to climb but you need to have your executions of entering and exiting a trade already made up in your mind so other things won't deviate you from your trade.
BAM :)
And there she goes! Wish everyone got out before the earnings yesterday!
PPS from my post: $4.85
Current PPS: $3.85
You're welcome :)
I'm glad a few of you took this post seriously and I appreciate the PM's. As many of you know I do not post random garbage or posts out of spite or to help a position I may be in. I haven't been in this one for awhile and am not in it now or prior to the earnings today; however I've been monitoring it closely being that I swing trade this when I see a positive probable outcome.
Anytime I can help someone out with my posts or answer questions to help them make an informed decision puts me in a good mood when I get PM's like I did. Thanks again to the few who did. :)
That is why, PPS $4.59, this company is nothing but a scam. It tries to make it look like it has money when all it does it r/s multiple times.
Down she goes
Last chance to get out..this is my warning. You are about to lose a ton of money if you're holding it.
I say get out and play the swings. No need to hold it as a guess. I'll wait until it goes either way and then jump in and out to make money.
Safest play is to play after earnings are out. There will be enough movement to make the same amount of money off the swings once earnings are released.
Earnings today after hours?
Buying in here again, I have a gut feeling there will be a headline stating they and Mattress Firm came to an agreement and this will sky rocket back up :)
It depends on what kind of position you are looking to start. Assuming it's a LT based on your post, $800 would be a decent place unless you want to wait a few months and see how Q1 looks beforehand. This can't seem to hold the 810's so unless it goes through temp resistance it may keep falling back to the 803 area as it has been so you may have a chance to get in around 800.
Selling my flip here and will buy in again once it drops back down :)
Called it :)
Market reversed and this went down. Adding here, should see a pop back up soon.
It started this morning, already down 1.10-1.15, I exited my position awhile ago luckily. I'll look for a bottom once this is done and re-enter then.
I agree, this will squeeze the shorties out quick and it'll be right where it was prior earnings soon enough. Fri bell went from 804-818 within minutes as shorts jumped to cover. This is a PPS beast of a stock but will run up quick being that everyone knows this is now sitting way under where it should be. Still predicting this to be sitting around 900 by end of Q1 without a doubt as long as the indexes don't take a dive.