Trade of the Day: FIVE

I visited my first Five Below last year while my wife was all into these Squishmallow toys.  I ended up buying a ton of Squishmallows as well as Star Wars figures.  They have a great selection of toys at a great price point of $5 or below.  Needless to say, I had to buy the stock to supplement myself for spending so much there.

As earnings was coming up and hitting its all time high earlier this quarter, I needed in.

After hitting high of $77, it dropped back to the 50 day MA around the 70-72 level.  That was when I decided to buy back.

The past three days FIVE popped 2%, 10%, and 3% today.  Earnings is in a couple days, so I decided to take some profits.

I took this screen shot too early today before I sold, but I actually hit 100% return for $FIVE thanks to a limit order for $14.

In any case, my daughters give their stamp of approval for Five Below.

EARNINGS UPDATE.
Then came earnings day.  FIVE jumps an additional 20%.

Had I not sold, my 4 calls would have been worth $32 each or about $10k total.  I can't complain with 2k win, but to miss an additional $8k is heartbreaking.

Anyways, my suggestion is stick to your rules and never complain about profits.

God bless and happy investing!