Friday, February 17, 2017

17th Feb 2017 - Too near to the Sun cause sun burnt!

    Buy $

    Sell $

    Short $

    Cover $

    Stop Loss $

    Profit / Losses

    Duration

     

    7.04

     

     

     

    -0.5%

    25

     

    tempReason for Buy / Sell / Short / Cover:

     

    1. After buying it for 25 days, the stock has recovered back to my purchase price, but suddenly weakness set in again. I decided to protect my capital and sell it.
    2. Normally for a company that is expecting good quarterly earnings announcement, the stock price should be reflect its strength.

     

    Lesson Learnt:

     

    1. That was a good call. After earning announcement, the price tank like submarine.
    2. I was actually thinking about shorting it after selling it, but decided not to do that since it is too near to earning announcement.

     

    Intraday Chart

    clip_image001

     

    Historical Chart

    clip_image002

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