Stock Selection Information
UPDATE: Jefferies Raises PT on Yahoo! on Mixed 1Q13 Results
UPDATE: Credit Suisse Raises PT on Yahoo! on Mixed 1Q13 Results
UPDATE: Topeka Capital Markets Lowers PT on Yahoo! Following 1Q13 Earnings Report
UPDATE: Bank of America Upgrades Yahoo! to Buy on Weaker Revenue Trends, Good Asset Value
Earnings release yesterday after the market closed.
Pre-Market Volume - 17.80%
Trading Plan - Trade the extremes of pre-market range.
Management
Entry Setup used: Fail to break above pre-market high.
Trading Comments
Bids were being clear on the way down. Sellers took control after it failed to break above. As it came close to pre-market range low buyers step back in and we closed the position.
Evaluation
It was not a great trade because I did not followed my plan, but it was a good trade. I took half of the position as it was moving in my favor. A big buyer appeared on the bid, but he got taken really fast, meaning sellers were in control. The correct exit would be on the bottom of the range.
I got a bad print when I tried to get out. Could´ve considered switching the position.
I got a bad print when I tried to get out. Could´ve considered switching the position.
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