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EA earnings
With EA earnings next week and the stock currently going down,
it may be prudent to consider adjusting a naked short position. The
52-week high is $60.63, the high of Oct 2007 was $61.62, and the
all-time high of March 2005 was $71.16. If it breaks above the
current 52-week high, and with such strong momentum behind it, who
knows how far it keeps going. I'm suggesting either purchase calls
around $61 to limit short exposure, or swap short shares for puts
around that price.
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Agree Jester, I have been looking at the chart as well,
looking at where the stock price has been and it is certainly a
possibility, they can become price magnets if the company only
delivers OK earnings and OK guidance, Many folks are holding hard.
Momentum is a hard thing to kill. The analysts have
supported the stock for quite some time, and continue to do
so, pumping it quite heavily, so I would not be surprised if
EA jumps higher on earnings. Even that analyst that called EA
toppy still has a buy rating on it, he essentially is saying it
could tread water, but not dissing it by any means.
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Author:
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LongTerm
CapGains
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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04/29/15 at 12:32 PM CDT
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