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one thing that I always wonder how it happens is earnings calls and the price action. 

FUBO reports earnings of over $100M in Q4 (strongest quarter to date); up 83%

Ad revenue, subs revenue, subscribers, streamers......all up YTD.

Announce a betting platform coming late 2021

First market deal in Iowa

Analysts increase price target to all over $40, most over 45-50

and still drop 15% afterwards. I'm still holding but just doesn't make sense

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1 hour ago, brokerstip said:

one thing that I always wonder how it happens is earnings calls and the price action. 

FUBO reports earnings of over $100M in Q4 (strongest quarter to date); up 83%

Ad revenue, subs revenue, subscribers, streamers......all up YTD.

Announce a betting platform coming late 2021

First market deal in Iowa

Analysts increase price target to all over $40, most over 45-50

and still drop 15% afterwards. I'm still holding but just doesn't make sense

Thats exactly what happened to Apple last month. They announced the highest quarterly earnings in company history and even exceeded projections by 46%. 

 

The stock sat around $145 prior to earnings announcement. Since then, the stock has been in the red 21 of 25 days and is now below $125. 

 

2 days ago, the stock had a big day and I thought it was the beginning of the rebound...but of course the last 2 days have been negative again. Makes 0 sense. 

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14 minutes ago, richsox24 said:

Broker. Are u still in itrm? 

 

I've seen some earnings news that isnt very good but like we said regarding other stocks, earnings isn't the be all end all. 

I'm still in for about 1/2 of my initial investment. Broke even on the 1/2 and going to wait until June/July on the other 1/2. Not going to look at it. I thought it would go to $3-4 in first month (didn't) where I was planning to trim regardless.

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