Jobs report trading — (LOPE)
Jobs report trading will surely be the death of me . . . . But back to the well we go, looking to reprise the most successful trade to date on this site with 500 shares of Grand Canyon Education (LOPE) purchased at $24.60 once things calmed down a smidgen.
The idea here is to fade the negative jobs news and hopefully pick up a bargain near support. The black line ($24) represents about where I throw in the towel; but with some better news this could provide a 3:1 trade ($1.80 upside: $0.60 down). Will keep you posted . . .
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