I have gotten a bit tired of AC because it goes for long periods of time not moving, then suddenly does $12 in a month lol
It IS a good LONG term hold. AC is attractive at any price if your target is 1-3 year hold.
If I were to buy into AC
I would accumulate Call options that expire a year out (which means I will be in the red but I would cost avg over 3-4 times) and then benefit from a move like the one it did in December. That would be my strategy.
Otherwise, Buy the shares and just hold, again waiting for a move.
There is a gap fill which may be met. But it is sitting on a lot of support. Could go either way. I would not buy it into a swing trade, you would have to be willing to be very patient and cost avg. or accumulate.
It IS a good LONG term hold. AC is attractive at any price if your target is 1-3 year hold.
If I were to buy into AC
I would accumulate Call options that expire a year out (which means I will be in the red but I would cost avg over 3-4 times) and then benefit from a move like the one it did in December. That would be my strategy.
Otherwise, Buy the shares and just hold, again waiting for a move.
There is a gap fill which may be met. But it is sitting on a lot of support. Could go either way. I would not buy it into a swing trade, you would have to be willing to be very patient and cost avg. or accumulate.