-the company missed the earning by $0.01 but the stock shot up 15%, 2 things needed to understand-1)earnings don't matter, good or bad, it caused the reaction but doesn't dictate the direction of it. 2) an assumption needed to make-it was going up due to emotion, so why not putting yourself in a spot where you can potentially make $$$???
-"Fallen Star" type of pattern-2 ways to trade- shorting parabolic with infinite risk or waiting for the confirmation to short with set risk.
-good trade indeed, knowing myself will get liquidated any time possibly so got out, the right thing will be holding short position UNTIL chart tells me to cover!!(Greg. )
O/N swing short. Oprah pump stock that the price up isn't warranted. this is fundamentally sound short but from technical standpoint, the fact that it fails to breakdown $16.04 got me out!!! never be stubborn on short, it reminds me of ITEK.
->left money on the table for both of these two plays, but i did the right thing!
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