| I sold all my trading positions on monday morning shortly after the opening, as the stocks I held, had moved up a lot over a short time, and felt stretched. I held off buying my positions, back today. Exodus has held up well, it seems to be well supported by the pros. My strategy is to be prepared for the possibility of some near term disappointing news at earnings, and to buy back in, after the stock has traded down on that news. This is a risky strategy on my part, as the above scenario may never occur. It seems like the pros have tried to build a large base in the stock at 52. It is my sense that the pros are trying hard to manage the stocks stability before and through earnings. By keeping the stock at reasonable levels before earnings, hopefully, the stock won't be perceived as being way ahead of itself, coming into earnings. If there is any temporarily disappointing news for investors to factor in, then hopefully the stock will be better prepared to remain stable while the market digests that news, because of the large amount of shares held at 52. If all goes well, I would expect the pros through their analysts to be bringing a lot of positive focus on Exodus after earnings. The above is all pure conjecture on my part. |
