Carmine, first let me tell you.....
I don't do options, I day trade and have stock I keep long term... now with that in mind, I have to admit today before the market opened I was baffled as to the direction the stock price would turn. After doing my homework over the weekend, I figured not many on Wall St. were buying into, or were not concerned with the statement made last week by Mr. Sood The analyst from H&Q, he said USR was in jeopardy of making the Quarterly estimates. If I felt WS had the opinion missing the Qtr. was a problem I would have sold to allow me to buy back at a lower price. Then when it opened I was much more confident the price would hold. It closing above 70 surprised me, I would have bet against that, however closing as it did I see as very significant, it tells me... this is a keeper.
Now on the earnings announcement I'll prepare to increase shares should things work out, however the smart buyers may not flinch if it misses by a few pennies.
Short term I don't have a clue really it's all guessing, my guess is it edges up tomorrow,long term...now is a good time to let the stock perk away and ignore the market for awhile, take a month or two off.
Good Luck,
Scrapps
Soon we'll have Steven Hawkings telling us what to do. :-) |
