Short Whiting Petroleum Soon

23 Nis 2020

Reasons to short soon.

#1: they filed for bankruptcy
#2: earnings coming up with 100% won't be good
#3: going up WAY too fast absolutely not sustainable for a full bull run to break and highs or necklines.

Of course wait till it confirms the downtrend by breaking under previous high on the bull run.

27 Nis 2020

İşlem kapandı: hedefe ulaştı

All,

Close out my trade today.. won't go over how much I made but on a put option I think you can get an idea of what happens when it drops from 2.15 to .84 in a short span :)

Make sure to look at WLL's balance sheet before wasting your money. Sure if you want to "HOLD" onto this stock till is "recovers" go for it. I have other things I can be doing then waiting for this stock to turn around.

28 Nis 2020

Not

As an Update here is my semi projection based on earnings.

Drops back into 70-90 cent range then consolidates and pops back up to 1.20 range ... really depends on earnings. Last earnings they saw a pretty massive drop off following. This is actually conservative.