I noticed that you reported for last week: bot asei @ 82.51, sold @ 84.66, net 3%. Having taken my options profits during the short squeeze/earnings runnup, I am looking for a re-entry point ASEI trade. It seems to have hit resistance at 89 area twice. Any suggestions?
Finally breaking out. The green arrow is my buy pt.
4 comments:
Good call on ASEI. What is your short term sell price? Do you think today was inpart a short squeeze?
i think it is part of short squeeze. but more importantly, it is the earning. the strong earning powers this move. i think it could run up to $90.
I noticed that you reported for last week: bot asei @ 82.51, sold @ 84.66, net 3%. Having taken my options profits during the short squeeze/earnings runnup, I am looking for a re-entry point ASEI trade. It seems to have hit resistance at 89 area twice. Any suggestions?
It touched $90 this morning. I suggested my members to get in at $84.5 this week. If the market permits, it could be $90+, stop @ $86
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