We play with the cards we are dealt. There is nothing else we can do. We cannot employ willpower to create market conditions into being the way we’d prefer them to be. They are what they are, it is what it is. So we work with what we’ve got.
And what we’ve got right now are a bunch of badly beaten up stocks. Many still off 60%+ from their recent highs.
Dumpster diving isn’t my favorite way to find new ideas to trade. But my man Strazza enjoys the exercise from time to time and recently, he’s uncovered some notable insider buying and unusual options activity in some former highflyers, most notably Zoom $ZM.
But first, let’s survey the damage. This probably isn’t new to many of you, but look how far ZM has fallen from its recent perch atop Momentum Mountain: [Read more…]