Hubert Senters here.
In yesterday’s video, I talked about an earnings bracket trade on EA, Electronic Arts. Now, I was betting that it probably goes down because it was already down. But look you have to keep an open mind when you’re doing these bracket trades on earnings. They’ll whip whichever way they’re going to whip based upon either the pent up fear or the pent up greed.
So in this situation on EA the proper trade is to the long side all you have to do is just bracket it. Take your ego and check it to the side and go. I don’t know which way it’s going to go nor do I care. I’m just going to follow whichever way that the pressure cooker relieves that pressure valve. And in this case it would be long at $81.58 and initial target has already hit at $85.43.
Now, if it would have broken down through $78.03 that’s fine too. You could short it with a potential target there at $74.33. Last night I did a webinar and there were over 4039 people here. I’ll refresh to see if we’re getting more. 4039 people registered for that webinar. Currently there are 4039 so no more than that right now registered for that webinar.
So GotoWebinar will only hold a thousand people so I’m going to do another live Webinar Friday at noon EST because I know a lot of people can potentially be locked out when there’s many people register for webinar so I’m going to open up the room probably anywhere from 15 to 30 minutes early. That way you can kind of ensure that you get a spot.
Nothing’s guaranteed though right. No guarantees in life and definitely no guarantees in trading for sure. And with that many people registered for webinar you don’t have a guarantee getting in either but you can increase your chances by showing up a little bit earlier. All right.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
