Friday, April 20, 2012

20th April 2012 – YOKU’s nice movie makes me come back for more.

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

22.10

 

 

 

23.30

 

 

 

Note:  Stop loss has been revised because I post this one week later after purchase date.

 

Reason for Buy / Sell / Short / Cover:

 

  1. Multiple bottom at the intraday chart and suddenly a gap up from it low.
  2. When earning is out, the price gapped up high from $25.00 to $32.00 and then sliding down each day.
  3. The price actually went all the way down until close to 100MA line.
  4. Daily chart MACD start to turn back up.
  5. Monthly chart clearly show that the price came down and touch on its monthly 20MA line and it has a nice "W" shape from Oct to Jan time frame which is a good bottoming indicator.

 

Lesson Learnt:

 

  1. Don't chase even if it gapped up after earning. Worst come to worst, earn less.     ;-)

 

Intraday Chart

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Historical Chart

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