As a trader this stock has to get your attention. I've traded it in the past. Yahoo finance says earnings out pre market on Tues.
Drawing a simple trend channel it looks like 355-360 is top of trend channel
Will it be a case of Buy the Rumor, Sell the News? It is already up ~20% from the lows last week.
I am considering a Calendar Put spread - Nov-Dec, if it trades up to top of trend line tomorrow.
Edited to add: I wonder if they will reveal any Refco-related concerns or liabilities...if nothing else, less order flow.
Drawing a simple trend channel it looks like 355-360 is top of trend channel
Will it be a case of Buy the Rumor, Sell the News? It is already up ~20% from the lows last week.
I am considering a Calendar Put spread - Nov-Dec, if it trades up to top of trend line tomorrow.
Edited to add: I wonder if they will reveal any Refco-related concerns or liabilities...if nothing else, less order flow.