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:
I love EBAY here.
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