Shared by
PaulT_BOWS
A better entry would have been at 11:30 when it was pulling back. I know that Kunal does not encourage holding through earnings and I normally would not do it. But all of the research I read was pointing to a good earnings report. I was hoping it would gap up after hours 3 - 5 dollars per share.
On the sell side, I scaled out to protect gains as the price fell. $5056.00 in gains.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-01-22 12:24:00 | NFLX | buy | $331.720 | long |
| 2014-01-23 09:31:00 | NFLX | sell | $385.650 | long |
| 2014-01-23 09:34:00 | NFLX | sell | $378.910 | 0 |
Comments
PaulT_BOWS
I am not quite sure how to play this one in the morning, but it certainly will be interesting, even for the investors who want to get in on a pullback.
jj_BOWS
I would have taken some off the table already - scaling out in AH's and then some more in Pre-market and try to leave some on the table to see how it goes at the open when ultimately the buyer's & sellers will tell what to do with the remaining shares. The only problem I see is that with a $331 per share stock -it may not as easy to scale if you don't have a lot of shares & you may not have that ability as commission could then become more of a factor to keeping profits.
Have to love that morning gap! I think this one will still provide more volatility in the next few days.
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!
$3 to $5....try $60!!! You're going to have a huge win even if it's tanks at the open. RISKY but this one I think will pay off for you.