So it hit the $5 target, more or less, and moved up, but the movement is pretty weak. Software sector is still not getting any love, SMSI will move with the sector since it's been a while since earnings.
I expect a dip before the next move up, probably forming another pennant.
@exxodus, I figured I'd just wait until next week. No point in holding stocks over the weekend, anything can happen over the weekend with Iran.
Withthe software sector looking weak, I doubt this will gap up even if the market does.
exxodus
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@hungry_hippo, good point but I already have some short plays. I have a some index put spreads and shorted tsla this morning :).
hungry_hippo
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@exxodus, nice. Iwas thinking about that, but I already have ANET puts.
Today is quadruple witching and you can see that the idiots who biought futures Wed afternoon just dumped all of it, the size of the movement is almost identical.