May. 12 at 7:45 PM
$FIG The market needs the war to end. However, it doesn’t look like any deal is happening anytime soon. The stock is holding up mainly because earnings are ahead, otherwise it probably would have retested the lows already.
I’m going to manage this trade very carefully. Even if I have to sell in the
$23–
$25 range, I’d rather protect capital because in the current market environment, I think even a good earnings report could still get dragged down by overall market weakness. I can always rebuy later.
GL everyone, control your trades and protect your capital. I’m still bullish long term.
