Wasn’t it trading at around $50 last week?
Wouldn’t that be a $17 drop instead of $6 drop this morning for missing earning expectation?
I was confused! I bet you were too!
Yeah, I’m talking about DDD.
3-2 split at the day of earning report?!?
Anyway, as bad as this decision was, I thought I was giving an opportunity to buy back some DDD on the cheap!
After coming to my sense, I bought starter position on DDD under $31 with stop below intra-day low of $30.28.
When an opportunity comes for a chance to catch a falling knife, I’ve got to take it!
Remember, clap your hand together (parallel to the face of the blade) to catch the falling knife; otherwise, you will lose your fingers!
This is a high risk trade so I know I may need a bandage later.