Posted on February 22, 2021
Before we roll into the new week, just a word on how our BLL trade closed last Friday.
You’ll remember that we left her to expire, and she ended up closing in-the-money by $2.02. Less our initial debit of $0.80, gives us a very savory 152%.
Now on to our Purim week assault on all that’s evil in the world.
We return this week to Generac Holdings (NYSE:GNRC), a stock we played for a 575% win back in November.
And why do we feel the time is right for another spin of the power generation wheel?
Well, the stock jumped last week on positive sales expectations after fatal blackouts in Texas saw hot new interest in the company’s products.
The stock soared.
And has since soured.
So we feel the timing is now Swiss-watch perfect to be short.
Not only are the technicals a screaming sell, but the stock trades with an
Now look at the charts –
This is the daily since the first week in June.
It all looks right electric!
With kind regards,
Hugh L. O’Haynew