Search This Blog

Tuesday, March 16, 2010

earnings for current trade

So the company released their earnings this morning. They were in line with estimates but their revenue was below expectations.

The stock opened up lower by about 3% this morning. The stock would still have to fall 25% from its current price just to reach the strike price. So right now, the expectation is that the shares will still close on Friday above the strike price.

If there are any developments, the account will post them here.

- This information is not to be used as a recommendation to buy or sell. It is simply information (and sometimes opinions) given to the reader of this blog. Before investing, please consult a financial professional. This blog takes no responsibility for any losses or gains occurred from trades that use its material.

- The account does not fully divulge all information on open trades. This is for protection of the trade. When the trade on a particular stock ends, the account will give out the rest of the details (stock name, price purchased, call purchased, news on company/ETF, chart info, etc.) Please feel free to ask questions and the account will answer them the best way possible can without endangering the trade. If you have any info regarding call selling, be sure to comment or send an email.

No comments:

Post a Comment