OVTI
going short here
posted by biopoetic at 3:06 PM
strategy to take short or long position in a stock just before earnings are announced. Because of high volatility substantial gains or losses can be experienced. We call for all traders to contribute here.
3 Comments:
ouch you were better off staying on vacation.
i lost my ass holding OVTI into earnings about a year ago. was $25 then i think. chart rising into earnings like this so i went long. kaboom the next day they announced they are restating earnings and and the stock plunged 30%.
I expect that it will be down in the next two weeks to about 18.50 or so and then up again. If you are still short, time to close in the next 1 to 2 weeks. Last chance.
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