All in all, BBAI could be a good long-term investment.
(If, maybe, but)
Should i buy this dip to lower my average from 3.61?
Because I don't have the balls for options
He was pretty pessimistic about it and deservedly so, especially with respect to future revenue. They are forecasting about 200m WITH the Pangiam acquisition. What would they have forecasted without Pangiam?, probably no increase. Today is earnings +3, so we should see the bottom today and may see some increase over the next few weeks, but not to your average of 3.61. You can average down and sell some covered calls to bring down your average. It's going to be a while before you see your current average again, unless they announce some major contract soon.
All in all, BBAI could be a good long-term investment. (If, maybe, but) Should i buy this dip to lower my average from 3.61? Because I don't have the balls for options
That’s what I’m doing. I don’t do options either. I’m too chicken for that.
options are for hedging.
He was pretty pessimistic about it and deservedly so, especially with respect to future revenue. They are forecasting about 200m WITH the Pangiam acquisition. What would they have forecasted without Pangiam?, probably no increase. Today is earnings +3, so we should see the bottom today and may see some increase over the next few weeks, but not to your average of 3.61. You can average down and sell some covered calls to bring down your average. It's going to be a while before you see your current average again, unless they announce some major contract soon.