I'm getting hammered. Left work early. At the bar now I've seen enough earnings spikes ATH to lock in profit. Almost always the best price is when people try to jump on board after they missed the boat (that was me when I started trading). This one is holding on good volume, I might have jumped the gun. Very happy from a risk standpoint though. Definitely did the trade right even if I left money on the table.
LOL, yeah exactly, it always works real well.................. until it doesnt.... like 2008, when all the geniuses who thought buying every single dip was profitable, and they ended up in the dustbin the first time the market cracked
Man, I got so tied up with AAPL and SQ releases I forgot TAP also released today...a bit schizophrenic on the chart, and a miss on the earnings, but looks promising so far.
Yeah, I was up 22 on it, and I try not to give more than half back on a good win. For my morale mostly.
So today was a world class bomb for me. I do take a tiny bit of solace in this prediction about SQ though. Ran up .20 in the last 2 mins to close at 26.46
Oh, that's a nice consolation. SQ missed on earnings, but beat on revenue. Should be enough to keep it above my $27 short call. Tomorrow is looking good.
Well ..... their YOY 2nd quarter loss *only* increased from 293 Million to 336 Million. Trading up $12.