Showing posts with label earnings breakdown setup. Show all posts
Showing posts with label earnings breakdown setup. Show all posts

Thursday, April 24, 2008

Trades: POT, DZZ and NFLX

As noted in comments, I made a few trades.

I covered 100 shares of POT at $194.36 (short entry at $208.77) for a $1441 gain (+6.8%). The stock was 4 points from my target, but today's drop was too good to sit back. I may enter again on a bounce.

I exited 400 shares of DZZ at $29.10 (entry at $26.60) for a $1000 gain (+9.3%). I have to admit, this trade is satisfying considering the criticism I received on entry. DZZ is a leveraged gold short.

I went short 300 shares of NFLX at $32.23. This is a classic earnings breakdown-pullback setup. My stop is above the long bearish candle formed two days ago