PCLN & NILE announce results
Just a quick note to let you know that the trade I had reported to be struggling a bit on last time seems to have taken a major positive step today as PCLN announced impressive results with 21% of increase in revenues. Because of these results, PCLN is up over 10% after hours which will help in a big way with the AMZN vs PCLN trade.
As well, Blue Nile, the online jewelry announced very disappointing results with a decrease from 111.9M to 85.8M in sales. I no longer have an active trade on this stock but was looking into shorting it again. Given its dismal results, I will re-evaluate but I can’t regret not being in my position since it did return 30.46%! However, kudos to Zach who had suggested remaining short this one.
And finally, a quick word on today’s trade which has already returned 9.69% on GOOG vs VCLK mostly because of a decrease in VCLK…!
All for now!
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oh and Baidu (BIDU) announced results, coming a bit short but shares are flat after hours, will re-assess this tomorrow. I have Long BIDU/Short YHOO.