DIS Trade on Feb 10, 2016 09:31 from tsun: Tradervue User Stock Trades.

"Income from studio portion surged 86% but cable earnings fell 5%, latter
due to ESPN losing subscribers and lower advertising rev from A&E
Beat EPS but missed rev for the quarter, quarterly profit up 32% by Star Wars
Aug 2015 drop due to concern due to cable subscription decline
Rev at parks and resorts rose 9%"

"Premarket prob defined range
ideally long off 85 o/u as risk
87 target then 88
otherwise short into 88 or 89 o/u
target 86"

Initially I wanted to use 88 as the risk scaling in small for a long.. When it didn't hold, I added more into the wash risking until 86 or 85 area as the risk for long. I covered small for a quick profit before adding size into 86. I scaled out at least 1/2 into 87s and sold the rest into 87.5s anticipating 88 as potential resistance to go short again.

I was comfortable going long into the 87s and 86s since the red candle has been so strong and it was based on emotion of the sellers. If it had grinded slower in more number of candles, I would have considered exiting at 87 instead of holding and adding into 86.