Overnight Zoom has moved up about $6 but don’t be fooled into thinking this is now offering an entry.
Price is only moving up due to earnings speculation.
Many moons back, investors were given a heads up on the earnings before being released but that is no longer the case so earnings really is a gamble now.
So if you are thinking you don’t want to miss the boat then wait until after the results are out then consider the options.
Never chase a trade and always allow price to come to you.
This trade is up 50% from our entry and 98% from the entry we recommended on Level 3. Our prior position was exited after moving up almost 40%.
So overall, this has been a good trade with little work. And you only need a few of these a year to do well.
Lets go trade!