HBI winter seasonal play

19 Kas 2020

HBI is oversold. I just got in at 9:45am with $13 long calls. I expect the maker of Champion sweat wear, Hanes underwear, thermals, socks, yada, to get back to the $17 range before the end of the year. Hanesbrands (HBI) reported 3rd Quarter September 2020 earnings of $0.42 per share on revenue of $1.8 billion. The consensus earnings estimate was $0.36 per share on revenue of $1.6 billion. The company said it expects fourth quarter earnings of $0.25 to $0.30 per share on revenue of $1.60 billion to $1.66 billion. The current consensus earnings estimate is $0.41 per share on revenue of $1.66 billion for the quarter ending December 31, 2020. Do your own due diligence, your risk is 100% your responsibility. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny for a month it = $5,368,709. Good luck and happy trading friends...

*3x lucky 7s of trading 101*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue & Earnings
Debt / Cash
Book value, assets

7 Common mistakes:
+5% portfolio trades
Bad risk management
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
tradingview.com/u/growerik/

19 Kas 2020

Not

63,000 employees
Headquartered in North Carolina
Founded in 1901
P/E = 10
Div = 4.4