ERIC Update

By hungry_hippo
Updated
Earnings more or less in line with expectations so it got punished, lol.

Snagging couple thousand shares for my 401k here under $9.5, expect it to head back to $10 area within a couple of weeks.
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Edit: I meant $8.5 and target of $9, oops.
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First of all, the ADR got punished more than the underlying stock listed in Stockholm, which is why I went all in on this...

Anyways, I expect MSFT to beat AMC today, we get a pump tomorrow. Probably closing this position out on open (or premarket) tomorrow.
Trade closed manually
Sold everything, made decent money despite holding 1k shares through earnings, wound up loading the boat with 5k shares Wed aft/Thu morning. Taking the easy money and running.
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Anticipating a double bottom on this, we'll see where it goes.
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