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09-01-2012, 08:21 PM #1
Trade Review TNGO "how to play pr/earnings release"
This is a trade we took on TNGO the other day. We shorted this on a pr/earnings breakdown setup. These are my favorite type of plays that start due to sometype of pr or earnings. Then we wait for a technical setup intraday to find a low risk entry to enter the stock. These stocks tend to be in play for multiple days so you end up with numerous opportunities to play it after the news comes out.
short 18.70 Cover 1/2 18.09 cover last 1/2 17.46
short 17.02 cover 1/2 16.70 cover last 1/2 16.46
Last edited by LilTimmy; 09-01-2012 at 08:24 PM.