Yesterdays early weakness morphed into afternoon strength. When have we seen this before? Buy the dip, rope a dope, whatever you want to call it, these morning pull backs have been great buying opportunities.
Looking back at last week’s winners, the two standouts were QCOM calls, that were an ER play that made over 600%, and the CMG calls that I bought Friday that I was able to sell for 120,340,500, and 1000% gains. In the article I will go over what I saw in each name and what we can look for in future trades to try to replicate these gains.
Looking back at today’s trading day there are a few names that played a big role. First was BIDU; last night BIDU tanked on an unexpected revision of earnings. This morning shares had surprisingly rallied all the way back and then some. In this article I will go over why I think BIDU rallied so much and how I was able to make almost double my money betting that it would fall back down. I will also go over CMG and what I see for this stock tomorrow. In going over my two trades I will discuss what I did correctly, incorrectly, and whether the structure could have been changed.