$P Earnings Drop

Discussion in 'Research Center' started by Rig16, Feb 6, 2015.

  1. Rig16

    Rig16 New Member

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    Pandora got slaughtered after their ER yesterday afternoon. I decided to start a small long position after hours. Should it drop today, I'll sell and take a small loss. Should it go up, I will add to the position shooting for the $16-$16.50 area.

    My belief is that the drop was too much for the report. Will report back!

    Rig
     
  2. crazyK

    crazyK Member Original Member

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    I picked it up at an average of $14.99.
     
  3. JRW-910

    JRW-910 Administrator Staff Member Moderator

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    I watching $P a little on Friday. Seems like any buy less than $15 is currently in the money. I wouldn't be surprised to see $16+ this week.

    -JRW
     
  4. Rig16

    Rig16 New Member

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    Well, today's drop in $P brought me basically back to even. I'll give it a few more days so see how it goes. I was obviously looking for more of a bounce.

    Rig
     
  5. JRW-910

    JRW-910 Administrator Staff Member Moderator

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    Looks like $P isn't going anywhere fast. I think the company is going to continue to struggle long term... especially if $AAPL gets into the market.

    -JRW