Baidu Up $34 in After Hours Trading
Posted on Wednesday, July 23rd, 2008 | In Market Commentary, Stocks to Watch
Contributed by: Daniel Shepard (http://www.navivest.com/blog) -
Our options trade of the day that we posted earlier today, looks like it will be very profitable. Baidu came out with great earnings and the stock is up about $34 points in after hours trading. We bought 10 contracts on each side for just under $25, 000 and we should be up about $9,500 or 38% assuming the stock opens at its after hours trading level tomorrow.
Earnings season provides opportunities for traders to make big money. Keep visiting this blog for trading ideas, or better yet, visit http://www.navivest.com and click on services. From there, you can take a free two week trial to our subscription based services.
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 About Daniel Shepard (http://www.navivest.com/blog)
Daniel Shepard is an Equity Analyst with Navivest, a stocks and options trading advisory services company that provides trading ideas on a subscription basis. |
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