GDDY has a history of pumping up with huge gaps on strong earnings for the last 4-5 quarters now. Every time it has shot back down to baseline. This, meeting resistance at a double top, should be no different.
I did short over 100 shares at $82, looking to pick back up at $75 - this stock is a solid one and I will most likely hold it for an extended time.
If it does not hit the gap, peoples fear of the 'looming future' will drive the price back down further, but later on down the road.
I did short over 100 shares at $82, looking to pick back up at $75 - this stock is a solid one and I will most likely hold it for an extended time.
If it does not hit the gap, peoples fear of the 'looming future' will drive the price back down further, but later on down the road.