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5 Day -2.77%
15 Day 3.27%
1 Month 8.61%
3 Month 30.28%
6 Month 120.94%
As of: 01/07/09
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Member since: Jan 08

MA

Earnings are going to crush tomorrow morning. Simply applying the ratio by which they beat the last quearter to this quarter and you have a huge win. If I'm right, sell the rally in the shares.
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Posted by AMEDS on 07/30/08 at 11:40 AM

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locogmac

Member since: Sep 06

Trades Not Shared
Trade Notes 33
Blog Posts 21
Student
Age: 20's
Washington UNITED STATES
locogmac
Better luck next time dude.
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AMEDS

Member since: Jan 08

5 Day -2.77%
15 Day 3.27%
1 Month 8.61%
3 Month 30.28%
6 Month 120.94%
As of: 01/07/09
How is this calculated?
Trades 648
Trade Notes 106
Blog Posts 3
Corporate Development, Internet Startup
Age: 20's
New York, NY
AMEDS
Yea, that was a disaster...
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DavidDT Trading-to-Win.com

Member since: Jan 08

Trades 0
Trade Notes 0
Blog Posts 39
Full time trader
Age: 40's
http://www.trading-to-win.blogspot.com/, CT
DavidDT Trading-to-Win.com

That happens - cost of doing trading business.

Still, you had correct understanding that even on good ER and potential pop after ER - the right way would be to fade - credit cards are the next disaster to happen.

Thou - next time - one word for you - STRADDLE into ERs.

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AMEDS

Member since: Jan 08

5 Day -2.77%
15 Day 3.27%
1 Month 8.61%
3 Month 30.28%
6 Month 120.94%
As of: 01/07/09
How is this calculated?
Trades 648
Trade Notes 106
Blog Posts 3
Corporate Development, Internet Startup
Age: 20's
New York, NY
AMEDS
I actually didn't own the name at all. I actually think that MA is one of the cheapest stocks around, given they take no credit risk, and the key business driver is the switch from paper money to plastic. I think the straddle into earnings idea is a good one, especially in this type of market, with credit card companies in partiular.
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Jim Jackson

Member since: Jun 08

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Marketing
Age: 30's
LA, CA
Jim Jackson
I got two words for your STRADDLE, Volatility Crush. Even if you had done a straddle at 270, about where it closed, the day before I don't hink it would have made any money. Don't you guys read Doc's blogs?  Jim
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DavidDT Trading-to-Win.com

Member since: Jan 08

Trades 0
Trade Notes 0
Blog Posts 39
Full time trader
Age: 40's
http://www.trading-to-win.blogspot.com/, CT
DavidDT Trading-to-Win.com

Jim Jackson - who in the right mind will position himself for ER the day before ER?

I thought I did not have to state obvious.

And beside - just going long calls/puts the day before ER even MORE expencive due to the same high IV

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