GBA Presents: RADIO SAVANT-!

All the newb retail players over at Robinhood saw that $0.47 earnings beat and they all got sucked in buying north of $45 pre-market.
As I type most are averaging down thinking "its gotta go back up." $44.07
Get ready for the trap door to open.
 
And like clockwork, it opened.
$43.01 and I'm out.

MASTER CLASS LESSON #15:

Know when it's important to apply gaap earnings in your analysis of a quarterly vs what they analysts say they are looking at.

One time gains for accounting shenanigans are meaningless going forward.
Always read the complete report. Ignore the bold-face headlines that hit the wires.

This is why most people say trading pre-market or after hours is dangerous.
It is... unless you know how to read a report and know exactly what to look for.
Learn that, and the extended hours trades will be your most profitable by far.
~vz

$43.00 now... :cool:
 
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