A few things:
Purchased at the money.
1. Nike reports wed. If there was anything spectacular coming down the pipeline, insiders would have started buying a day or two ago. No such action here.
2. Unlike last earnings, the RSI is now near the top.
3. I believe the NBA contract is already priced into the stock climb during the last 2 weeks.
4.Depending on the reaction to earnings I may be up for a double down.
And another thing...no action on that pharm stock I told you to watch out for at the end of the day. The chart is not yet clear. So hold those.
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