Wednesday, February 5, 2014

Whack!

The "lol" is on us. We guess valuation did matter. I was not surprised Twitter got whacked after earnings since earnings reports are a 50/50 coin flip. What I was surprised at was that the technical formation was at a 75% chance of a pop and it went the other way. We play that formation 10 times and normally hit about 6-7 times. We liked the results they posted. We are going to hold for awhile and let Wall Street crunch some numbers. Not too happy we paid 63 for something we could have bought for 55 in the after-market tonight. Not exactly good trading;)