OTCPK:GCGMF - Post by User
Comment by
maypeterson Apr 22, 2019 12:14am
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Post# 29653357
RE:Technical Analysis 2
RE:Technical Analysis 2Since I have sold covered calls at $54 (40 contracts) and $56 (53 contracts) - the stock must move higher than that by May 17 expiry to prove that I am a loser. However will cash out same as last time at good profits and buy in again when the Cormark clown tries to bring it down again as explained below.
Of course we have the Q1 results in between (Q1 are the lightest for revenue in terms of seasonality and the severe weather did affect GC so the analysts should adjust their numbers accordingly). The clown from Cormark will of course ask the same question on the threshold level around 3 - 4 times and then come out with a report with a $30 target price.
So anything could happen. Q2 and Q3 will be another story. Woodbine has been packed on weekends and the VIP area is now open to all and is definitely picking up.
Will be interesting on how they approach the "complimentary alcohol" allowed from the summer at the casinos in Ontario.