SMSI drumroll please....

Earnings AH, options have a 20% movement priced in. So we're looking at $7.5 (one of my target points when this broke out) or $5 support.

I'm long because I think they beat. $5 calls with profits from trading this the past 3 months.

I don't think technical or chart patterns really mean much, either they beat or they tank. It's sitting right in the middle of the trading range anyways.

Commentaire:

Seeing some big block sales the past few days, not a good sign.

If you trade more than 1k shares of this stock, you really should break up the sales into 1k lots so as not to tank it. Anything over 1k can actually move the price.

Also, bullish action at the end of the day, looks like some people want to roll the dice with us.

Commentaire:

Small beat as I expected, looked good right after the announcement but AMZN completely blew up, so futures are down.

10% Q/Q revenue increase, beat on profit, trailing P/E now 24, but looks like it might not even gap up tomorrow. Thanks AMZN.

Commentaire:

Looks like someone with a huge block is trying to sell AH at $5.75. Not enough liquidity AH for that, I picked up 1k shares for chits and giggles.

Looks like we get a whipsaw day on "sell the new" type event. Looks like too many speculative traders bought in and are dumping.

Commentaire:

Picked up 1k more at $5.4, I'm done until tomorrow.

Commentaire:

Someone with a lot of money and balls picked up the rest of the 17k shares at $5.75. Ask is 400 shares at $5.89, lol.

This stock usually has a huge spread AH, best to wait until market hours to dump, and keep the block size small. Wouldn't surprise me one bit if this just opens flat tomorrow and throws a giant doji.