Warning: Following my trades may be hazardous to your financial health. See Disclaimer.
Tuesday, May 29, 2012
PWRD - Earnings
I have been watching PWRD for a while for the whole gap closure, and then the earnings tonight. These are the two things that kept me from going aggressive with the long setup. And both of my concerns came true. Gap was closed last session, and the earnings after the bell caused PWRD tankage as much as 20%. It's recovered some by now but we'll see how it trades tomorrow during regular trading.
A few remarks:
Honor your concerns for any given trade.
Earnings are crap shoots. Stay out or play light.
All setup can go wrong.
Jinx is alive and well in my trading. It is painful even with just 200 shares.