Trade Plan: BUY (at market close)
Here is what happened:
(click to expand)
Commentary: They beat significantly on the bottom line and forward guidance was good and our data was good. It popped up post release 4% and then went down immediately following but it wasn’t enough to boost the stock jump past 5% immediately following which is what our strategy is all about. The stock did go up significantly the next day and carried over 10%… but you would have been stopped out had you maintained a hard stop. Was this call right or wrong. Depends on your perspective and how you traded it. We will rack it up as a loss to maintain our conservative performance stats – but you can look at it closely and decide.
Jump Zone Profit: -7.9%