Normally, I get nervous when earnings haven't been issued and are very near. A lot of unknowns can sometimes raise their ugly heads upon earnings release. I'm curious why you seem concerned that earnings have been previously released? Thanks Don
According to my strategy, this trade makes no sense. Look: 28 April: Insurance provider ACE Ltd.'s profit jumped 50 percent in the latest quarter, more than Wall Street expected, as the company benefited from a "generally firming market" that helped spur new polices and higher revenue from premiums. 27April: PEMBROKE, Bermuda (AP) -- Axis Capital Holdings Ltd. said Monday its first-quarter profit fell by 51 percent and missed analysts expectations because of investment losses. In my approach, i look for abnormal and unjustified deviations. This deviation is fully explained by the presented results.
Closed the trade in the first minutes. Once again at half profit target. Covered ACE @ 47.10 Sold AXS @ 25.27 Net +1.95% profit from a target of 5.82%.
Nice trade total. What is your broker, and for this particular trade, how much did you spend on commissions? Are you using leverage on your pairtrades? I am still searching for the best solution, to implement my pairtrading strategy. Thanks
IB. About 3$, 4 times 0.70ish on odd lots under 100 shares. No leverage. I trade very small size since I am starting here. The comish is a considerable % of the profit and would probably kill me in the long run.
After seeing your note I did think it looked attractive from a price ratio perspective, but I didn't have time to study any other factors so I did not bite. Don