2020-05-12
This trade idea came to me when I was reviewing my watch list. It was featured in Investors Business Daily: New America Vol 37 No 3 Week of April 28, 2020. I liked the chart and waited for a pull back to enter the position
I went with Call options to limit my losses. The Jun 19, 2020 Call option has 38 days to expiration and is lottery ticket. They are heavly leveraged and have a high P/E Ratio
I got filled this morning:
Buy to Open 2 SWCH Jun 19 2020 19.0 Call Limit 0.55
IBD Rankings 05/12/20
Composite Rating: 85
EPS Rating: 10
RS Rating: 94
Group RS Rating: A
SMR Rating: C
Acc/Dis Rating: A-
ROE: 5.1%
Debt: 387% – Heavly Leveraged
Outstanding Shares: 103.0m
Float: 75.2m
EPS Due Date: 08/07/20
From TD Ameritrade Quote Summary 05/12/20
P/E Ratio: 223.25x – Price is way out of line with actual earnings
Ex-dividend date: 05/21/20
Zack’s has this as 2 – Buy: SWCH
Dr Alexander has a triple screen for viewing charts and Trading for a Living is why I use the following charts
