earnings no surprise at all. My offer is @$99 you can take it in the next couple of days if you wish so.
Isn't it interesting to see the fake out yesterday before the big move above 91? Those who were long from the first break of resistance still may have not been stopped out if their stop was slightly below the consolidation. Anyways, just goes to show, simple (not easy) s/r trading works. Maverick
lately S/R trading has been difficult, esp if you implement stops... specialists have "effing" with me on those last week, so i know i use alerts and then get out mkt as opposed to leaving stops there the whole time.. perfect example is today just mins ago... on YRK...
Yeah I hear you. What I should have said rather was s/r trading can work but is not a piece of cake by far due to all the stop running. Takes a lot of discipline to deal with those mmakers.
after hours trading gets special attention from the Risk Managers and the Compliance desks.... I would salute you if you had a 1.6 mill share position in Ebay into the aftermarket on your way to the next trading day (hence a position trade), and then found yourself up over $2.13 from the 4pm close.....
a couple of thousand shares would have looked pretty good right now in fact, EBAY has been trending up, because it has intrinsic value, and people can correlate the name with the website, and know that real monies/earnings are being generated
with out a doubt... however fundamentals... stick to the fundamentals, and implement a few things you learn along the way, and more often than not youll find yourself profitable... (knock on wood 3x's...)