Jul. 14 at 6:39 PM
$ALB
Back in with 500 share starter.
Will add more next week if able. Couldn’t resist buying into the IBM debacle today, so tied up a lot of my free money.
Anyways, I’ve traded ALB for a long time. Historically the raiders start easing in about 2 weeks prior to earnings. Then they play the up and down shuffle on the news for a week or so and then try to quietly slink out afterwards leaving the shareholders in limbo hell.
I don’t see any reason for this pattern to change, so it’s time to start prepping for Q2.
Despite drop in Li prices I’m expecting a decent earnings on cost cutting, debt reduction and a fairly optimistic FLS by management.
IMO we will see
$150-
$170 by earnings date and could see
$200 after the report.
Hope to have 1500-2000 shares by then.
I plan to sell on the news.
