Any bonus points for being in & then out (on seeing signs of the tide changing) on ATM ? ;)
At least no red ink resulted, but it recouped a small bit of past Red ..
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Any bonus points for being in & then out (on seeing signs of the tide changing) on ATM ? ;)
At least no red ink resulted, but it recouped a small bit of past Red ..
Picked up a few over the past two days, is it even a lockdown if you don’t open a few speculative positions? :)
Who needs Daigou when you have Hainan duty free travel… Chinese channels to market are always evolving! Estée Lauder CC below
https://www.globaltimes.cn/page/202105/1222894.shtml
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IMHO dont expect it to tank this time ...I am not ...as results most likely will meet guidance provided earlier and its already in the price ...as no further downgrades were announced after completion of the full year or just before it ...so not expecting anything bad to bring it to $ 5
Only thing of interest in results will be how much under or over guidance and WHAT AHEAD ?
Percy once said (words to effect,) "making buy/sell calls without up-to-date company data is speculation, making buy/sell calls based on company information is investment."
ATM's TA is poised on a 'golden cross' with tightened Bollinger bands which could break either way depending on the coming news. Indeed some tree shaking may result in it slipping (say in morning trading of the results.)
That said, I see it having more longer term upside than downside in the weeks after the result, so for me it is a hold. (I'm not buying and won't be buying more - as I have enough at 10% of my portfolio.)
If I was going to buy, I would wait to see what is contained in the update news and buy into a more firm uptrend.
JMHO - DYOR and take your own decisions.
pre announcement rally today?