Wednesday, April 18, 2007

Earnings Roulette

Picked up a smallish position in eBay (EBAY) ahead of its earnings report at 34.46. Note that this is a gamble and just for some fun. I figure I lose so badly at poker flop roulette (betting on Red / Black flops), I might have some luck this time around when the Wheel of Earnings finally stops spinning.

*** Edit #1 ***

And, the ball lands on Black 33 for a 3 cent earnings estimate beat. We have a winner! Company also raised its guidance for FY07, and shares are now trading in the upper 35's. Yay!

*** Edit #2 ***

No need to be greedy... it was a gamble, and it paid. Sold the position at 35.50 in afterhours session.

1 comment:

Never-Limp said...

I love EBAY here.