Trade Plan: BUY (before market close)
Here is what happened:
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Commentary: We got slaughtered on this one with high expectations. TRN beat earning’s soundly by .21 EPS (1.30 vs 1.08 estimate) and printed record breaking profits. A big WOW. You would think it would do well, but market sentiment was negative due to weaker forward guidance. We also assumed it would be a good bounce off of today’s lows – but we were wrong. We think it will turn positive next week.. but we are writing this one off as a loss. It happens – we will get over it and move on.
Jump Zone Profit: -22%