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You know something? I kinda got scared when I saw this posting.
No not really but I have the following opinion which leads me to short C.
1. C looks like it's hitting resistance around 4.20 and 4.30 area, and there are those gaps below that needs to be filled.
2. Volume is low throughout this week's rally.
3. C reports earning this Friday, traders will likely book profit before earning.
4. I think a lot of financial loses $$$ from trading the past quarter due to market correction. However I don't know how much revenue that C makes comes from trading.
No not really but I have the following opinion which leads me to short C.
1. C looks like it's hitting resistance around 4.20 and 4.30 area, and there are those gaps below that needs to be filled.
2. Volume is low throughout this week's rally.
3. C reports earning this Friday, traders will likely book profit before earning.
4. I think a lot of financial loses $$$ from trading the past quarter due to market correction. However I don't know how much revenue that C makes comes from trading.
and of course those are just my opinion.
Yeah! Yeah! I also notice no gap between $4.20 and $4.30. Earnings Whispers (EW) says C will miss earnings by three cents. Don’t know if EW is even realizable, they have been wrong before. I think either way if C makes the call or not, it still would be a good short on that day or after But I could be wrong.
I won't be back until Friday of next week... and I most likely will not have computer access until then. As well I couldn't find anyone to take over the contest...
So, keep making your picks, and I will enter them in if I can while on the road, if not, when I get back. I've made the spreadsheet available for up to 42 entries which should get us through. As well making your posts on the forum will work.
BMS gained 8.11% last week, which I think, pending the official scorekeeper tally, may have finally broken the silver ceiling where my score is concerned.
This week I picked HRB long, and this time I used the entry form.
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