"anticipatory downswing" from 3/19 as expected and called of course today in the earnings run prepared for yesterday again. All traders all over made money today for sure, but its nice to prepare in advance for the trades and have the entry targets otherwise there is so much to buy you're not sure what. COGN started well in advance of the report date.
COGN intraday update: 11:30 update COGN etc -
CECO easily entered today with not gap just a "buy stop" above yesterday's high (sometimes a buy stop above the prior day's close will be okay also).
MSFT, NOK, NSM lovely QCOM stuck in a deep freeze but opened higher, possibly rally area is 62.30.
COGN April 30 calls first obviously as it ran this morning and now the April 27.50 puts ($1.30 approx cost) of course locking in proifts on the calls first and leaving about 25 to 50%. COGN could move big but I would not get a big position, here again its also easy to short this one or go long in the morning.
SMH perfect!! no puts of course. ________________________________
Cognos posts record fourth-quarter profit Thursday March 25, 4:09 pm ET
(In U.S. dollars) TORONTO, March 25 (Reuters) - Cognos Inc. (Toronto:CSN.TO - News; NasdaqNM:COGN - News), Canada's biggest software maker, posted a strong jump in fourth-quarter earnings on Thursday, as revenue climbed 23 percent over the same period last year.
Ottawa-based Cognos said net earnings rose to $46.1 million, or 50 cents a share, for the quarter ended Feb. 29, from $29.6 million, or 33 cents a share, a year earlier.
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