PIXY Earnings Dec 14
Updated
If they make a profit, it's back to $11
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Earnings may be in Nov, see Dave's post below.If you're expecting a pop and drop, put a sell limit order in at $5. Might sell half...
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Earnings is Wed Nov 28th after market close. I added another 1k shares.I'm beginning to expect that this will do the usual pop and drop based on the fact that no other stock has been able to maintain earnings gains and PIXY has a bad habit of dropping quick. Target is $5, may not reach that given how weak the market has been.
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Chart pattern indicates an inverted head and shoulder back above $4 before earnings. What happens then is anybody's guess. As Dave pointed out, they've been rather quiet this quarter.Note
Above $4 as predicted, breaking out of a cup and handle, target $5.20 area. Not sure how earnings will turn out, but this is the strongest pre-earnings movement we've seen with this stock.Of course, we've all been burned by pre-earnings head fakes, so trade at your own risk. Also, this stock has a bad habit of doing a spike and drop on earnings.
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$4.75 AH, should not be an issue reaching my $5.2 target tomorrow. What you decide to do with your shares at that point is up to you. There is a potential it can hit $6 or higher, that was the initial IPO price.Probably cashing it all in tomorrow. Can't see it going to $11 until they record a profit, but you never know. Stocks like these tend to cause short squeezes
Trade closed manually
POS dropped below $4 AH, getting out with a small profit. Don;t know what the CEO said, but conf call must have been terrible. Guess I'm not the only one with profitability concerns.
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