• Djakin470 : @10baggerbamm: what strike price is good for puts?

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• The wolf of Toronto : is it a buy at this price before the earnings or should we wait for more drop??

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• 10baggerbamm OP The wolf of Toronto : there's no support it's in a free fall you don't want to try to catch the knife.. 103 104 is the 250 I don't know where it's going to meet the stock but somewhere is in there it'll find some support I think maybe at that level but to gamble on earnings I don't like doing that at all.. look at the past several quarters of earnings look at the market reaction that day did you get a gap up if so how much if they beat the past several quarters and you had a gap up it's probably going to happen again

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• The wolf of Toronto 10baggerbamm OP : it always gap up and the previous earnings were solid. Now the gap down close at 105. 105 should be a good price, 100 is beyond a steel, there are good chance that the earnings can be good. just look at Shake shack lately.

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• 10baggerbamm OP The wolf of Toronto : I'm not going to tell you not to do something you have a brain you have decision making skills you earned your money if you feel comfortable taking that level of risk then you need to do it you know you're going to take responsibility for your actions when you're right you're going to make money.. and when you're wrong you're going to lose money that's the big boy game that we're in all I'm saying is go back and look at the pin action on the past several earnings days I own kava when it was like 32 bucks I should have kept it I'm an idiot I didn't even keep any profits in it I think I kept them for like a week or two weeks and hit like 37 38 and I sold everything.
  well if it has good gapping up post earnings or sustained rallies post earnings if you feel comfortable doing it pull the trigger and buy it

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• 10baggerbamm OP The wolf of Toronto : very familiar with shake shack it's a great story the history of the company when they started I listen to somebody who has a very large position yesterday talk about it you know and saying that over the next five to 10 years the stock is a 10 bagger it's going up a thousand percent if you can hold it that long because their business growth trajectory is 45° the amount of stores are opening the revenue and the profits per store they have the secret sauce from a business so if you're going to buy for a long-term position that's fine if you're going to buy for a trade and the trade doesn't work out you got to decide how much pain you are going to take that's all I'm saying

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• StreetWizard : on the weekly. failed on the daily, positive earnings will just bring it back to where it was last week, around 130-140. Momentum after that may carry it forward, but negative earnings and this will break century mark and then good luck.

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• StreetWizard : wingstop brought down related stocks.

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• The wolf of Toronto OP StreetWizard : oh I see. Thank you.

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• The wolf of Toronto OP StreetWizard : do you think ahead of the earnings and at this price,
  CAVA is a buy or not?

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