Tuesday, April 28, 2015

April 28

I had planned to be completely out of the market but sometime money is just gift wrapped for you.  

YOD was up this morning as it gapped up over 20% on news that its Video service would be on trains in China. There is no need to go into the specifics here but based on my prior research I understood who would be pumping this move and that it would not lead  to lasting moves or a break away gap.   So I went short.

  2.72 and 2.61  YOD ultimately collapsed and I covered at $2.20