Its Ok to Change Your Mind–Pandora

via SMB Capital – Day Trading Blog:

Pandora released their earnings after the market closed Thursday. If the numbers were OK I was looking to purchase at 26 or lower. I broadcasted live on SMB Real Time as I bought shares between 25-26. It eventually bounced to 27.50 where I sold most of the shares.

The next morning I was going to repeat what I had done in my after hours trading. There was no major negative news in their conference call and generally analysts were positive on the stock so with a gap opening of $2-$3 lower I viewed the risk of getting long as limited. As the market opened P dropped like rock to its recent low around $24.60. I was Read more [...]

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SMB Capital – Day Trading Blog

Its Ok to Change Your Mind–Pandora

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