QADA No Volume
Updated
No volume post earnings, big spread between bid/ask, no traction on a big up day for the market. Expecting a slow decay as momentum traders lose interest.
Target $41, lower if the market tanks after this dead cat bounce.
Target $41, lower if the market tanks after this dead cat bounce.
Note
Doing the math on this one, it earns about $.20 per quarter with no earnings growth. If we're generous and give them 11/YEAR in earnings, then the P/E ratio is 42.7 for a company with no growth and <1% dividend. No wonder why the market lost interest. Long term I expect this to get cut in half.Looks like the indices are setting up a bull flag, expecting the market to jump up hard on Monday. Considering the spread between bid/ask on QADA options, I'm maintaining my puts on this one.
Trade closed manually
It's just waffling around here, better things to play with the market tanking. Closed the trade with a little profit.Still think it'll wind up in the $20 range eventually.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.