Dan, this was a fantastic video. Extremely instructive. I watched the trade on PCLN this a.m. right from your email and the opening. Good news and bad news: I didn’t buy the calls when it started moving lower after the first five minutes. That was the good news. The bad news was that I missed the kind of trade you made because I gave up on PCLN and looked for other stock opportunities which never materialized.
Lesson Learned: Avoid preconceived notions about what course a stock may take. Take the trade the Market gives you, not the one you hope for. If the stock changes course, change with it. Will try to do better next time. Thanks so much for your great input. Inspirational! Ron
I found this today on MidnightTrader (not a MT member, hence the late info, sorry, but I bring this to the forum in the hopes of educational value for future trades, esp, around earnings): “PCLN demonstrates an aggressive tendency to widen its next day share movement following an extended-hours earning release, doing so for 26 of the past 34 quarters. In the near-term, the stock is also showing that pattern, widening its share move in three of the last four quarters. Looking deeper into the performance data, the stock has recorded downside extended-hours trade following 12 of the quarters we’ve tracked. It widened that extended-hours downside move in the following regular session in seven of those events. The downside trading history is not overly bullish for the short side, but the broader widening tendency in place may still bode well for shorts playing the shares early on Wed.”
So we may be seeing a nice set up for the BPS in the next several days, and we have some fodder for next earnings, if only my attention span lasted that long…
Dan, this was a fantastic video. Extremely instructive. I watched the trade on PCLN this a.m. right from your email and the opening. Good news and bad news: I didn’t buy the calls when it started moving lower after the first five minutes. That was the good news. The bad news was that I missed the kind of trade you made because I gave up on PCLN and looked for other stock opportunities which never materialized.
Lesson Learned: Avoid preconceived notions about what course a stock may take. Take the trade the Market gives you, not the one you hope for. If the stock changes course, change with it. Will try to do better next time. Thanks so much for your great input. Inspirational! Ron
I found this today on MidnightTrader (not a MT member, hence the late info, sorry, but I bring this to the forum in the hopes of educational value for future trades, esp, around earnings): “PCLN demonstrates an aggressive tendency to widen its next day share movement following an extended-hours earning release, doing so for 26 of the past 34 quarters. In the near-term, the stock is also showing that pattern, widening its share move in three of the last four quarters. Looking deeper into the performance data, the stock has recorded downside extended-hours trade following 12 of the quarters we’ve tracked. It widened that extended-hours downside move in the following regular session in seven of those events. The downside trading history is not overly bullish for the short side, but the broader widening tendency in place may still bode well for shorts playing the shares early on Wed.”
So we may be seeing a nice set up for the BPS in the next several days, and we have some fodder for next earnings, if only my attention span lasted that long…