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Closing Bull Call Vertical SMG, Nearly Max ProfitWe are closing out our 90/95 bull call spread, earning a debit of 4.99 by selling the 90 Cs and buying back the 95 Cs. We have made a profit of 49.7/contract, with a maximum potential profit of 50. The potential possible gains of holding the position are nearly negligible, so we are taking the successful trade and closing it out now, to best preserve strong risk/reward characteristics. Below, we've attached our methodology for why we took the position initially. We sat the vertical below the market, essentially betting on the market staying above a place it already was very far above. This is one of our favorite strats, and has proven profitable often, despite the natural consequence of having to risk an amount significantly larger than the potential reward. -- Jan 20, '19 -- " We are bullish on both the technicals and fundamentals of SMG . The multinational corporation, known for its consumer fertilizers and pesticides and new expansion into hydroponic equipment for the marijuana industry, has been trading in an up-channel. 2019 Q2 earnings beat estimates, with EPS of $3.64 (.22 above forecasts) and a top line of $1.19 billion (greater than the estimated $1.16 billion). The biggest growth opportunity is in its Scotts' Hawthorne subsidiary, which provides various products (hydroponics, fertilizers and lighting systems) to the cannabis industry. "
NYSE:SMG
by LaurenTrading
Consolidated Communications Holdings Cup&Handle about to brkout Watch for breakout: 9.26.18 2:30pm CNSL is about to come out of a weekly cup and handle formation or minimally a double bottom, which both usually rise upward. Small-cap telecommunications stock adding fiber optic lines and hurt by earnings after infrastructure investment. * Compares to: CBB FTR CMCSA T * Pays 12% Dividend yield currently, so little risk. Ex-divident is Oct. 12th. payable Nov. 1st and quarterly. * Potential to double on Fibretracement to $24 into early 2019 and upward by end of 2019 into 5G massive MIMO communications and fiber optic cable lines for markets served. * Will be positioned to grow into 2019 with dividends and then catch 5G services growth and target by year end 2019 likely $28-30, as Telecom stocks grow when profits made. * EPS Growth was -386800%, just indicates it is making progress with profitability vs industry average 144%, but it is a small cap. * Mkt Cap $914M, 2018 sales will be $1.4B, that's a bababa-billion. Enterprise value with recent upgrade is paultry 3.25B, or shows undervalue ratio 3.25/0.914 = 3.55 and poised to grow customers. Book value buy? * Debt however is high and will reduce with growth as small-cap to mid-cap (expected for market and opportunity). * Insider buying is small, but a positive 27,000 shares/yr. last 2 yrs. * With telecom & cable industry at current prices not sure if it'd be an acquisition target? About CNSL: Consolidated Communications Holdings, Inc., through its subsidiaries, provides various integrated communications services to business and residential customers in the United States. It offers a range of communication services and products that include local and long-distance, high-speed broadband Internet access, video, voice over Internet protocol, private line, custom calling features, security, cloud, data center, managed and IT, and directory publishing services, as well as engages in equipment sales activities. The company also sells and supports telecommunications equipment, such as key, private branch exchange, IP-based telephone systems, and other hardware solutions, as well as offers support services to medium and large business customers. As of December 31, 2017, it had approximately 972 thousand voice connections, 784 thousand data connections, and 103 thousand video connections. The company serves customers in consumer, commercial, and carrier channels.
CLong
by Pokethebear
BTGUSD Neutral but with Bearish undertone below 319BTGUSD Price action has been negative on BTG over the last few hours. It's broken important support at 319 and has since made a rally back up to the old support at 330 where it remains vulnerable. The break below 319 is worrying for bulls and the rally back to old support equally worrying for bears who have corrrectly shorted on the signal, a break below 319. The stop on the short should have been just above the entry level by a couple of points so will have created a small but annoying loss. It still looks vulnerablke from here though - the only way of escape from a mauling from the bears now is to break above 330 resistance line and then bust the dynamic/upper parallel, use 330 as support on the next pull- back and we have a long trade triggered back to 390 minimum and more likely to 419 and then 480. And for the bears to win out from here all that has to happen is for BTG to fail at 330 and then lose 319 support again and it will then start to fall away on lack of buyers. So it's negative under 319 and will likely put up a big fight at this level. So it's neutral above 319 and below 330 but with a bearish undertone whilst unable to find buyers enough to beat 330. A very difficult call at this point: it could go either way...no big hint of rejection or red candles enmerging from 330 yet but no worthwile green candles either. It's neutral again for now. Bullish over 330 on a suceessful retest and particularly when the upper parallel is broken on the updside and bearish when 319 gives way and then acts as resistance on the next retest from below. A wait and watch here. Do not be tired by waiting.
B
by sumastardon
DXY: Dollar Index: testing critical support at 97.43DXY: Dollar Index has come back down to retest the recent lows at 97.43 - support extends down to 97.33 - so some kind of a fight should be expected in this range. The pattern is bearish, still (so only a speccy buy for contrarians with a stop just below 97.30) but be aware that a fall below 97.30 will tip DXY into full-on bearish territory again, signalling the next phase of dollar weakness back to 95.93, then, once this fails, to 95.02 (about another 2.5% - same as the last decline). Minor support at 96.90 could trigger a weak rally attempt back up to 97.3 during the early stages of this decline. London's waiting to see if NY steps in here to defend $...if it doesn't ride to the rescue around the open it will show that right now the Dollar hasn't got a friend left in the world...it should start to fall away as quickly as it did on the last decline at that point (barring possibility of a minor bounce at 96.90, as above). Go long Euro on the other side if/when this trade gets triggered (see Euro comment)
TVC:DXYShort
by sumastardon