Western Digital Stock Trade Ahead of Earnings Returned 90% – Jan 29 2016

Western Digital released its earnings on Thursday Jan 28 after the market closed. The stock has been severely depressed with a 62% decline in the stock since the start of 2015. It is now trading at levels last seen in Jan 2013. Therefore a lot of investors had limited expectations for the results, which is why I was interested in setting up a trade ahead of earnings. I felt the stock could have a big move after earnings. If it didn’t I wasn’t concerned as the capital at risk in this trade was a total of $1,000 with commission………the rest of this trade alert and ideas article is for FullyInformed Members.

Western Digital Stock Trade Returned 90% -Jan 29 2016

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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.