Nice score. Isn't it canny how any number of stocks seem
to "know" 1-2 days in advance whether earnings will surprise or
disappoint. In this case, the stock broke out just prior to
what turned out to be a favorable earnings report, I assume.
I purchased CLSD at $12.00 last week, put a stop in at $12.00
and was taken out at $12.00 two days ago (breakeven trade) while
the stock drifted lower for 2 days as if it "knew" in advance what
would be released this morning as an earnings report (stock
proceeded to drop another $0.75).
Nice score. Isn't it canny
ARWR
Posted by RichieD on 9th of May 2018 at 10:15 am
Nice score. Isn't it canny how any number of stocks seem to "know" 1-2 days in advance whether earnings will surprise or disappoint. In this case, the stock broke out just prior to what turned out to be a favorable earnings report, I assume. I purchased CLSD at $12.00 last week, put a stop in at $12.00 and was taken out at $12.00 two days ago (breakeven trade) while the stock drifted lower for 2 days as if it "knew" in advance what would be released this morning as an earnings report (stock proceeded to drop another $0.75).
thx. liked the pattern. doesnt
Posted by morton7 on 9th of May 2018 at 10:24 am
thx. liked the pattern. doesnt always play out this way so have to be well diversified into other names.