This was disappointing. I sold off in the AM as the gap started to fill... then off to the races closing up over 11%
Partial exit. 21.53 (1/3 =.64 Remainder $21.32 (2/3) + .43
This could have been a very good trade, instead I wind up with about a small gain. So what went wrong? I probably bought too high, which made me too fearful to hold as HYGS came in a bit. I could have held the original stop but that was stretched due to the strength of the move I bought into.
Also weighing on my mind was that the earnings came in but revenues missed. There was not aggressive buying so I thought the miss on revs might cause it to be punished. I had read the 10K and it looked like there was a big back log which should play out nicely second half the year. Revs were down YOY because last year there was a Q1 delay which caused revs to be booked in q2 2013.