Wow fortunately I sold 1/2 my position in the morning. Despite the good news and uptrend of the
market it couldn't bring this stock up. Took a few losses with it. Closed AMZN in the 90's
unfortunately was expecting a little more higher. which gained close to 3.3% in 2 days and 2.5%
from the short position. Total net gain of 5.8 percent from AMZN in 2 days. I am going to start
posting up all the trade statistics "gains and loses" within this past month and how much ROI we
ended up with at the end of October. This includes section of intradays and long/short term plays
only.
Saturday, October 27, 2007
Sad Jmba trade
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3 comments:
Hi,
First off, interesting blog.
Good luck and have fun.
I also lost on JMBA.
Imo it was a solid risk/reward play,it just didn't work out but that happens.
For me I love to play "undiscovered" stocks on earnings release like JMBA.
There were 4 other such e/r releases on these type stocks which worked out awesome last week,ARCI EDAC ITI MRCY,so 4 out of 5 is great,especially with the huge gains the 4 winners gave.
Yea this stock should been up on Friday. Due to the great news release plus a good market day. That is a double whammy, actually didn't see it coming that it will actually turn out this bad. Don't know what can make this stock going up. From the looks of it, it might not be going anywhere for a while
Nice day for ITI,up 15% with new 52's.
Also with new 52's EDAC and MRCY.
ARCI a little over a dollar away from 52's.
WATG today was a nice undiscovered e/r play.
It's about 7% from it's 52's.
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