Falling Out Of LOVE
2022.06.08 18:35
This is a great example of how emotions can screw up a perfectly good trade. I’ve written about The Lovesac Company (NASDAQ:LOVE) many times, including this post from two months ago, when it was50% higher than it is right now. I had October puts on this thing, but a few days ago, I scurried out of them for no reason, except that my confidenceis approximately zero right now, and I was scared of what this morning’s earnings report would do to it.
Well, what it did was kick the stock in the behind and send it down hard, making a good pattern even better. So my erstwhile October puts are doing fantastic, thank you very much. I hope some of you out there held on to your LOVE short and didn’t wimp out like me. Pathetic. Just pathetic.
LOVE Chart.
