PCLN beat and the market is happy, sending PCLN up about +9% in after hours trade (but be careful with AH trade unless you are using its extremes to take profits or other tactical reasons). We can't forget just last week AMZN's miss sending them down -12% in after hours only to see the stock close up the very next day!
In any case, PCLN's continued gains are in line with our short term expectations and boy am I glad I covered PCLN when I did!
Hopefully the PCLN beat will help move the market in the direction we've been expecting and preparing for and saw today against the odds of currency arbitrage.
5 years ago
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