Trade Plan: SELL(at market close)
Here is what happened:
(click to expand)
Commentary: They beat on earnings as we stated they would and Q3 was a softer than guided EPS – and with it stock at all time highers the expectation was it would fall. It did not – but it also never hit the 5% pop up. Even though our strategy calls for a close of positions within the 24 hour period – this is one where it may be prudent to stay in and as the knee jerk exuberance resides – it will climb back down and correct itself. Nonetheless in sticking o tour rule we have to count is a as a loss and write down the few points.
Jump Zone Profit: -3%