All,
** Keep in mind this is 300M float i'd watch for hedge entry / big news or ER before entry. Any small candles are irrelevant to me. Need a sign.
PSFE overall decent company, promising outlook financially. They actually have a positive profit margin. However, not out of the woods entirely. I say options here, because I am not for certain it will break that 8.50/9 resistance so really just looking for short term option play here on the wedge. Could trade stock just the returns of course more ideal with options either way. If it somehow breaks $10 before ER then could see larger upside still skeptical until ER shows improvement on EPS.
Keep in mind this is 300+ Million Revenue company with barely positive margins (most companies arent even positive) as reference there are tons of other companies with less revenue and same margins trading 14-20+. So and positive ER on this company shoud catapult it to 14ish in my opinion.
** Keep in mind this is 300M float i'd watch for hedge entry / big news or ER before entry. Any small candles are irrelevant to me. Need a sign.
PSFE overall decent company, promising outlook financially. They actually have a positive profit margin. However, not out of the woods entirely. I say options here, because I am not for certain it will break that 8.50/9 resistance so really just looking for short term option play here on the wedge. Could trade stock just the returns of course more ideal with options either way. If it somehow breaks $10 before ER then could see larger upside still skeptical until ER shows improvement on EPS.
Keep in mind this is 300+ Million Revenue company with barely positive margins (most companies arent even positive) as reference there are tons of other companies with less revenue and same margins trading 14-20+. So and positive ER on this company shoud catapult it to 14ish in my opinion.