I'm pretty pissed right now. Had a nice day for me...up $500...then came earnings.
I had a nice short in the bullshit head fake in AAPL before earnings, which was nice. Then AAPL got halted.
I knew BIDU also had earnings, and I had bids and offers resting 15 points outside the market just in case I could get a lucky fill real fast.
My office subscribes to Trade The News squawk service. So, Apple, the one with the HALTED stock, announces earnings at 4:30pm, like they're supposed to. That's fine. We're all comparing numbers to expected numbers, etc.
Then all of a sudden I'm filled short at 195 in BIDU, which is NOT halted, as are a few people around me. First thought, "woah, wicked head fake in BIDU pre-earnings", second thought, "Someone really liked AAPL's numbers and is buying nas/tech stocks"
Then the TTN squawk "Baidu just reported..." at which point I'm 20 points out of the money.
I know this was entirely my fault and I'm not blaming anyone else. I put the orders in and have total responsibilty. It's just real frustrating when I trust a service to , at the very least, make an announcement when one of the most volatile tech stocks is reporting earnings. But instead, they concentrate on reading the numbers for a stock that is HALTED. Almost makes me want to write a letter.
Done with my rant.
