Discussion in 'Trading' started by RXIS, Jul 22, 2005.
anyone profit a lot with ebay from the earnings?
Took it long at 38 AH and holding it.
usually it is smart buy to go long after a MAJOR(high average volume) stock has an earnings report that causes the stock to make a big upward move the day of/after.
These are the previous examples: RIMM, PLMO, GOOG.
I just didn't think ebay would move up much the next day, but what do I know. I'm just a piker.
I did well I had 40 strikes calls for next month. I sold when it moved near 41 areas Thursday. I wanted to hold but the news overseas made me feel uneasy.
bot the 35 straddle for 3.50 wed on close....
i'd rather be lucky than smart...
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