NCTY Post Lower Q2 Earnings
Okay this is so not good: http://www.forbes.com/feeds/ap/2007/08/28/ap4062676.html
The stock is currently down 13% from closing, so not good for my position (didn’t enter strangle or straddle — thinking that the China’s gaming industry is booming). This is so not me. I have to get back into my discipline to NOT playing earnings (or playing it from the safety net of straddle or strangle). This loss could easily shaved around 5-10% of my profit from last May (that means I’m back to my last week’s position). Darn.
