I have entered an earnings play on PAY using long shares as a vehicle.
Although PAY beat the Street consensus earnings estimate, the company provided forward outlook that resulted in a price decline immediately after the opening bell.
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By Tim Bovee, Portland, Oregon, Dec. 12, 2017
Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.
No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.
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