Trade Plan: BUY (at market close)
Here is what happened:
(click to expand)
Commentary: We had solid data they would beat – and they did… however as we reported the market was expecting good news on this Linux giant. It popped up immediately 4% + on the beat and then see-sawed down 4%. If you were in the trade-room you watched us exit the trade at break even – as it failed to launch as we expected (even with the great numbers print). It whimped out on us. Per our Jump Zone performance stats we closed it out the next day at a 2% loss – even though it almost hit our coveted 5 points on the initial move. Too bad. We will make up for it.
Jump Zone Profit: – 2%
For those that want to see the trade room play on this one and on KKD – here you go..