Well, Google missed estimate by a mere 1 penny but the stock has been dropping more than 10% because of that. Although, on Friday, it does start gaining upward momentum but today it's going down further. Although, it's really hard for me to sell it but I have set a rule for myself to sell underperforming stock once it goes down 8-10%, I don't want to get burned again like my GME, SINA, BA, GRMN, and YHOO. Therefore, it represents loss of 9.05% in 6 days.
I was really considering myself to buy some put options before the earning just because a lot of people in the discussion board giving such advise. But, if I'm about to buy the $500 put option, it would cost me around $300 per contract and at that time I only gain around $200 ($465 - $445) so I ignored my feeling. I should just take a chance of that small money since it will worth $1800 right now. I also have set a limit order for $570 after I bought my shares but I cancelled just before the earning as I thought it will go beyond that. I should've just stick to the plan, hogs always get slaughtered :( there's a saying that you should buy the stock when you hate it and sell it when you love it. Well it's a learning curve, I will just keep going to live another day.
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