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nofacetheghostx OP t1_ja9dve1 wrote

Reply to comment by AutoModerator in Figured this fresh position would be worth posting here. Am I well regarded or about to save my hopes and dreams? 🤔 by nofacetheghostx

Purchased a 4/21 Domino’s Call for $7.44. I was looking at major retail/food companies this morning and noticed Domino’s share price was recently slashed with expectations being cut to ~$330 as well. Given the big ups and downs lately I figure it could recover fairly soon as earnings will pick way up after the first quarter, and next quarter calls were too expensive. Also 4/20 means pizza will be in high demand 😂

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citizensloth t1_ja9nnhk wrote

So you thought the possibility of a day with slightly higher pizza sales would increase the value of the entire company

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nofacetheghostx OP t1_ja9o510 wrote

Isn’t Christmas pretty good for retail stocks 🤔

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citizensloth t1_ja9pdof wrote

Are you comparing the over half a billion dollar holiday season to 4/20

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SaltyShawarma t1_jaavcka wrote

Wait, so you are going this goes up because of stoners? Did you factor in the fucking recession when thinking business could pick back up? Good luck, homes.

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nofacetheghostx OP t1_jaazmmx wrote

Most forecasts show the slowdown lasting through the first quarter then an upward trend through 2026, not just for Domino’s but for every major retailer and more than a few shipping companies. RSI is extremely low and oversold on anything more than the daily, it’s had big swings up and down lately, and when Starbucks lost 50% from its peak (as Domino’s just did) it reversed the next two months to get back 60% from the low. I’m not hoping for a return to pre-dip levels but I’m certainly expecting it to at least hit the strike price, even if it maintains a downward trend till future earnings. 🤞🏻

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