I played HSD for the first time in ages. Went balls deep and pretty much nailed the SPY high of the day. Just sold almost everything. Not huge percentage-wise but it was a large enough buy to make it a worthwhile play. Loose-ish stop has been set (HSD LOD). Have lots of room and will end up profiting no matter what. Done for the day.
Man these MSOs are going to pop soon I think. As long as the broad market gets propped up, the more likely we see bulls come back. It has often been a laggard sector since March; gets the last blast off before market consolidation.
when I make a trade it's basically a chart play (so not interesting for a long term investor like yourself).
stock is behaving well lately; climbed over 30, reclaimed its 50 say moving average.....has room to run to 35ish, so this trade is risking $1 to make $4
Just wait. Thumb is going to go nuts soon. This consolidation is discouraging in some ways because it has coincided with a broad market rocketship. But I mean... Them names were crazy extended and now they're pulling back/going sideways on low volume.
I'm bullish as fuck if the broad market holds up alright. First sign of big dick bullish volume that holds up, I'll probably nibble on some more. Will be worth missing out on the first 4-5%.