Bidu about to tank down below $80

I am not critizing RM's approach and feel everyone has to have an approach but why would anyone trade before earnings? Isn't this gambling?

RM could be 10/10 on his picks and I will never ever follow his picks and trade a stock before earnings.

Thiago.:confused: :confused: :confused:
 
Quote from scriabinop23:

give me a break.. there was some movement, albeit a little difficult to trade during.

12% movement isn't bad (of course I think there was more room for downside). beats HP today.

Any thoughts will it be faded tommorow or continue up?
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in thoery it shouldnt be faded...maybe a bit at open but should run up 'till session end...maye closin' up 13-15%.
 
Quote from scriabinop23:

compare the activity on both. crm has an over the top P/E ratio, has always come in -very- close for comfort on earnings reports, and with the economy's behavior as of late, may do poorly. The stock has really overshot as late, as well.

It only takes a penny below expectations for a serious drop... :) ie HANS
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Ooops! Missed that one. http://finance.yahoo.com/q?s=crm
Up 13% afterhours. Hope you didn't actually pull the trigger on this. :eek:
 
Quote from brazilianwonder:

I am not critizing RM's approach and feel everyone has to have an approach but why would anyone trade before earnings? Isn't this gambling?

RM could be 10/10 on his picks and I will never ever follow his picks and trade a stock before earnings.

Thiago.:confused: :confused: :confused:
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Obiously, he's not just trading on simple information

he has a lot more info on whats happening, maybe options/ instutional action / price action / etc..

Not easy to know, but definately very detailed to the T , where he can bet 50k short shares on into a rising market.
 
Quote from BCE:

Ooops! Missed that one. http://finance.yahoo.com/q?s=crm
Up 13% afterhours. Hope you didn't actually pull the trigger on this. :eek:
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well i went in with a small long 30 straddle (5 august 30), plus a bunch of august 25 puts.

hopefully the price will hold or go higher from market open, so I can sell my calls. Then second (haha) hopefully the market will realize quickly this stock isn't worth much, then fade it down all the way to 20 so I make out perfectly at options expiration.


hahah... one can dream.. seriously though if it opens with some strength from where we're at, its a $750 loss at worst. Today's good call more than made up for that.
 
Quote from coolweb:

Obiously, he's not just trading on simple information

he has a lot more info on whats happening, maybe options/ instutional action / price action / etc..
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that would mean anyway trading based on insider info you know nothing about.
Looks dangerous, doesn't it?
 
Quote from scriabinop23:

well i went in with a small long 30 straddle (5 august 30), plus a bunch of august 25 puts.

hopefully the price will hold or go higher from market open, so I can sell my calls. Then second (haha) hopefully the market will realize quickly this stock isn't worth much, then fade it down all the way to 20 so I make out perfectly at options expiration.


hahah... one can dream.. seriously though if it opens with some strength from where we're at, its a $750 loss at worst. Today's good call more than made up for that.
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Well that's good. :) Glad you didn't really get creamed. Good luck with the trades.
 
Quote from brazilianwonder:

I am not critizing RM's approach and feel everyone has to have an approach but why would anyone trade before earnings? Isn't this gambling?

RM could be 10/10 on his picks and I will never ever follow his picks and trade a stock before earnings.

Thiago.:confused: :confused: :confused:
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I agree on the surface it looks like gambling. I would be curious to know how RM manages the risk. How much do you risk for this kind of return?
 
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