UPST Report

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jarrichards@icloud.com
Nov 09, 2021 04:36 PM 1 Answers
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Hello Marty,

 

How do you plan to handle the UPST report after the close! I see what you are seeing on the weekly, but the options (calls) are out of control expensive. I don't own currently but want to looks perhaps like a buyable gap up after EPS?

 

Thank you,

 

JR

JR

UPST is selling off in after hours after a decent report. I believe we have seen the short term top for this stock ($401.49), and a reminder of why earnings are so darn dangerous.

There are many other stocks to focus on, and UPST will need to form a legitimate base now. The stock closed right at its 50sma and is down 20% in after hours action. This one is radioactive.

The worst day in its short history is down 28% and with the 5% stop-loss we needed a 33% cushion to hold this stock into its earnings report.

Have a good evening!

Regards,

Marty

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jarrichards@icloud.com
Nov 09, 2021
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