1 reply to this topic

[hiker]

the reality of this current price action is this could be simply some of the high short interest lightening up on position size and gambler personalities betting on the long side thinking this is what real trading is about ahead of an earnings date...er is next week for DECK.

4/20 -

new 52-week high today, and testing an area of interest from late 2004 & early 2005 price action in which the historic high resides:

http://bigcharts.mar...k&freq=1&time=9

http://stockcharts.com/gallery/?deck

manage risk before seeking reward is something I heard fellow poster, PIK, say a few years ago and it applies to many circumstances including trade decisions as an earnings release date approaches. Holding any short or long position into the actual release is a gamble, in my opinion, and position size must be considered in that light. In addition, the risk is always present that a company may pre-announce forward guidance...it has been known to happen.

At the moment, I have only 20% of my original position size remaining for the reasons stated above.

[mss]

manage risk before seeking reward is something I heard fellow poster, PIK, say a few years ago and it applies to many circumstances including trade decisions as an earnings release date approaches. Holding any short or long position into the actual release is a gamble, in my opinion, and position size must be considered in that light. In addition, the risk is always present that a company may pre-announce forward guidance...it has been known to happen.

The most recent action in AAPL is a perfect example of this statement. Look at the past 10 trading days on a chart.