FFH will be either 290 or 270 by the end of the day today(it closed 322 yesterday. (slight chance it could make another hanging man but I doubt it)
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Bold prediction about FFH
- Thread starter IShopAtPublix
- Start date
What nobody noticed my bold prediction made ahead of time? -28.93 (or 8.98%) made in one day. I was off by 3 dollars and change from my prediction of 290. On a stock that used to cost 300+ that is an error of 1 percent or less.
Correction: The stock actually closed at 291.13 so my prediction was off by only 1.13. Updated stats are it lost 30.92 or 9.60% in one day.
Quote from cszulc:
Nice call man. I actually saw this post this morning but didn't comment and waited to see the results.
Again, nice call. Question is, where you short (guessing not considering this was a financial!)?
You will find my explanation a bit strange but here it goes. I am actually in a position of 2 october 30 puts of James River Coal Co (symbol JRCC) The reasoning is as follows. I only had like 500 cash to begin with. So I bought them yesterday and today they increased by $300 dollars( I bought them for 520)
The reason I did not buy October 320 Puts of FFH this morning or yesterday was because I did not have enough cash to pony up for them (they cost several grand but since the stock fell over 30 dollars it would have been a net profit of 3 grand on 1 PUT.