Earnings season, the quintessential fuckery of all investing fuckeries. The temptation to ride thru one of these calls — because God loves us specifically and because our genius demands reward, is always present and palpable.
Case in point, I sold PYX the just before earnings — because it was the right thing to do for me, at the time. I was in PYX for a trade, not earnings, and didn’t feel like gambling.
PYX beat and shot higher by 30% the next day.
Seeing this beat, I demurred my cautiousness and decided to hold another one of my holdings into earnings last night. That stock was QLYS.
I didn’t have an edge, or even an affinity for the stock. It was a trade, but because it was my stock, and my genius, I felt, well, if PYX could do it — why can’t QLYS?
QLYS is shooting lower by 16% in the pre-market.
I’ll be selling out at the loss this morning.If you enjoy the content at iBankCoin, please follow us on Twitter