By now I have studied many earning winners, but this one freaked me out and giving me a big loss.
ROST has good earnings both revenue and EPS
Based on my rules,
I bought it around 10:30 to 10:45 when it had consolidated and pulled back
It gained 1% nicely until around 11:30 but then I was shocked when it subsequently took a downward dive and lost almost 2%
Instead of making 1% gain I encountered 2% loss.
It was terrible, never seen anything like that, but looking at the chart again I realized
this stock has gained 2.7% pre market and on market open, it never pulled back, it kep going, consolidated , went up again before collapsing.
Usually earning winners fall after market open and consolidate before spiking, this stock didnt do it, so next time I will be v careful with this pattern

No comments:
Post a Comment