by Serge Berger | Jun 8, 2011 | Uncategorized
On May 4th OpenTable (OPEN) offered us a great opportunity for a classic 'short calls' Bucket 3 strategy after the stock dropped hard due to earnings. As expected the stock never saw the pre-earnings levels again and the calls that we sold are now worth...
by Serge Berger | May 4, 2011 | Uncategorized
After announcing earnings last night, as well as the departure of their current CEO/President, the stock is getting punished today…currently down about 14% on the day. The stock rose almost 400% from the beginning of 2010 to just last week and sports a...
by Serge Berger | Apr 7, 2011 | Uncategorized
Yesterday I blogged about OPEN's weak price action (http://steadytrader.wpengine.com/short-opportunity-in-open-table-open/). While there is support at the $103 mark, yesterday's sell-off left an ugly looking outside (engulfing candlestick) bar. I...
by Serge Berger | Apr 6, 2011 | Uncategorized
I see an opportunity for a quick bucket 2 short-side stab in OPEN . Today left an ugly looking bar on both daily and weekly chart after a downgrade from Citi. Stops could be placed around $109 and a profit target near...
