Posted on November 12, 2023
Among other things, GoDaddy, Inc. (NYSE:GDDY) hosts websites.
And whaddaya know…
The criminals who run the organization saw one of the biggest jumps in their stock price after earnings were announced just ten days ago.
Well…if you know us, you know that we don’t stand for any claptrap.
And that’s precisely what the stock’s run-up was, in our eyes.
The chart below demonstrates beyond a jiminy that there was nothing behind the move, and that a round trip lower is a foregone contusion.
A bruising that could pocket us a 4900% profit.
But before we get there, have a gander at some numbers.
These are the company’s latest —
And why would that be…?
Part of it, to be sure, is the overall short covering frenzy that struck the broad market over the last couple of weeks. But more than that, the stupid money was just looking for any excuse to throw its credit card advance at a stock that was moving.
With kind regards,
Hugh L. O’Haynew