Savvy Trades and Investments

[researcher59]

WU -.38 to 8.95 after hitting a low of $7.95 at around 10am. A disappointing quarter but they think they'll make up for it in the coming 9 months since they kept annual guidance for GAAP EPS of $1.50 to $1.60 (adj $1.75 to $1.85) unchanged. If so, they'll be posting some big quarters ahead.

I added a bunch of shares at $8.16 average this morning and now wish I had been adding more aggressively. Also sold May and June $9 covered calls for $0.24 avg which I may regret. So a cost basis of $7.92 on my added shares, capped at a $9 sales price.

I'm actually skeptical they'll meet their annual guidance and am pleasantly surprised by this strong intraday rebound in the stock price, but at my cost basis of $7.92 it looked way too cheap. Hopefully the hefty 10%+ dividend is safe, but who knows ?