It still feels like SWKS is struggling to get to new highs. Earnings estimates are static, and will probably remain so until they report earnings on the 23rd.
I put in a limit sell order that took quite a while to fill. The position closed with a 5.6% gain in less than a week. That's a year's gain for some asset classes so I'm happy with my modest (but quick) gain from gambling on an oversold bounce.
With earnings estimates mostly locked in I'm not scanning for new opportunities; but rather waiting for the earnings reports to come in. Less gamble, more visibility.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment