Shared by
James_BOWSsim
This turd really gave me a run for my money. Go-pro missed earnings by 14%, and gapped down a lot on its first day of what was supposed to be a breakdown. It even broke above the $9.90 resistance level which looked solid on the hourly chart. Why was bad news treated as good news? I tried to short it three times as it tested its EMA's and tailed below them.
This earnings season is my first time playing earnings gappers. Why didn't this stock flush? Is this normal? Or was this just one of those weird Friday things and it will go next week?
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-02-04 09:40:19 | GPRO | sell | $9.210 | short |
| 2016-02-04 09:45:13 | GPRO | buy | $9.400 | 0 |
| 2016-02-04 10:06:43 | GPRO | sell | $9.295 | short |
| 2016-02-04 10:46:28 | GPRO | buy | $9.660 | 0 |
| 2016-02-04 10:51:10 | GPRO | sell | $9.830 | short |
| 2016-02-04 10:51:11 | GPRO | sell | $9.828 | short |
| 2016-02-04 10:57:20 | GPRO | buy | $10.040 | 0 |
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