McDonald reported bad earnings yesterday and the stock tumbled. After opening bell, the stock rebounded and it was looking quite strong. At first I knew short covering was taking place and the stock rebounded a little. Thereafter, as you can see from the 5 minute chart, McDonald started to simmer off and started on a down trend. I did not short at the best price because I was impatient, but towards the end, the stock kept selling down and then more sellers emerged which made my short sell positions worthwhile. Looking forward to trade the next stock since I now gained another experienced in trading after the results released.
Ron K - A Game Changer
