The importance of earnings beats.

I’ve have consistently seen gains of 2-3 % of those corporations reporting beating their earnings , especially those that report early. Where to get these reports as soon as they come out is going to be a question I need to answer. Today I saw a pre-market report of BABA beating their earnings and snatched up all I could at a relatively high entry point. I’m certain others saw the report minutes before I did which costed me a small gain. I also set a modest exit point that was met before I got the chance to react! I’m content with the gain but always saddened that the gains could have been higher. This is the perpetual cycle of self torture that the investor must endure.

Pre market BUY
BABA 350 @ 178.5 = 62,475
SELL
BABA 350 @ 181.05 = 63,368

Gain= $893

Comments

Markit Services BMI

Under 50 for first time since 2017 has hit the market hard today. https://www.markiteconomics.com/Public/Home/PressRelease/2ea84928c5d74262bbe387ec2b19d337

Be Beary Weary about Apple.

Scouting shows that earnings at Apple might drop the most since 2001. There’s a lot of volume with downward motion today... and it is my opinion that it will continue its decline. Short Position added: AAPL 400*246.13= -98,452 Mistake closed : XNET bought 1000 @ 5.86 = $5,860 XNET SOLD 1000 @ 4.85 = $4,850 Loss = $ 1,010 *lesson * don’t buy at the top, this was a possible pump and dump..at least we got out quick.

Added position to BABA

Looks like a bargain to me , BABA has floored this morning in pre-morning trading in the 169’s. Waited until 170 to confirm trend reversal and added 600 shares @ 170 prior to market open. Later morning news from Vertical Group confirms agreement in trend direction . Recommend holding until at least 180, which seems to be an important resistance point at this time.

Financial Cosmonaut

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