Gone long EL last week, was going to wait post earnings to enter but thought ah f it, then checked to see if you'd written up. Same thesis drivers, but lord why couldn't I have had some patience.
dude I have 500 shares I bought at 86, sold covered calls against them though 'hey my cost basis is around 75~ now there's no way we go lower'. I need to listen to the call now. I cannot believe there is this much inventory left to sell.
Gone long EL last week, was going to wait post earnings to enter but thought ah f it, then checked to see if you'd written up. Same thesis drivers, but lord why couldn't I have had some patience.
Was a starter position which is good, but sell off is fierce.
dude I have 500 shares I bought at 86, sold covered calls against them though 'hey my cost basis is around 75~ now there's no way we go lower'. I need to listen to the call now. I cannot believe there is this much inventory left to sell.
Honestly. They have to bring something through on the call. This is over done surely. Div cut does not help sentiment one bit.
Absolutely not my type of company (i love commodities tbh) but still a very interesting write up. Thanks for sharing.
Another sleepysol banger! I’ve been debating this for weeks