{"id":44949,"date":"2017-02-02T20:44:56","date_gmt":"2017-02-03T01:44:56","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=44949"},"modified":"2017-02-02T20:46:11","modified_gmt":"2017-02-03T01:46:11","slug":"sometimes-good-news-is-the-best-news-to-short","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/sometimes-good-news-is-the-best-news-to-short","title":{"rendered":"Sometimes Good News is The Best News To Short"},"content":{"rendered":"<p>Recently, an inexperienced trader asked me about a stock that traded lower after reporting great news. As any experienced trader will tell you, often that is a great opportunity to get short. Yesterday, Facebook reported amazing earnings with a slew of positive metrics. In the after hours it traded to a new all time high above 137. Yet, I got short in the after hours around 137 and then added to the position in the pre-market below 135. In this morning&#8217;s video I discuss my trading plan for the day and possible patterns that Facebook might follow.<\/p>\n<p>Facebook has a history of gapping higher initially following a strong earnings report then selling off very hard. Many investors buy in the weeks ahead of an earnings report anticipating a good number which will allow them to sell at higher prices. Watch today&#8217;s AM Meeting where I discuss.<br \/>\n<iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/OkIJ4moBu94\" width=\"608\" height=\"342\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><br \/>\n<a href=\"http:\/\/twitter.com\/sspencer_smb\"><img decoding=\"async\" src=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\" alt=\"\" \/><\/a><\/p>\n<p>Steven Spencer is the co-founder of SMB Capital and SMB University which provides trading education in stocks, options, forex and futures. He has traded professionally for 20 years. His email address is: sspencer@smbcap.com.<\/p>\n<p>No relevant positions<\/p>\n<p><strong>FREE TRIAL AM MEETING &amp; ALL OF SMB&#8217;s TRADING TOOLS<\/strong><br \/>\n<a href=\"http:\/\/www.smbtraining.com\/blog\/trader-90-trader-365\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-42986 size-full alignleft\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/01\/trader901.jpg\" alt=\"trader90\" width=\"600\" height=\"220\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/01\/trader901.jpg 600w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2016\/01\/trader901-300x110.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Recently, an inexperienced trader asked me about a stock that traded lower after reporting great news. As any experienced trader will tell you, often that is a great opportunity to get short. Yesterday, Facebook reported amazing earnings with a slew of positive metrics. In the after hours it traded to a new all time high above 137. Yet, I got &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/sometimes-good-news-is-the-best-news-to-short\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":143,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[4680,4685],"class_list":["post-44949","post","type-post","status-publish","format-standard","hentry","category-steven_spencer_steves_blogs","tag-trading-ideas","tag-trading-lesson","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sometimes Good News is The Best News To Short | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/sometimes-good-news-is-the-best-news-to-short\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sometimes Good News is The Best News To Short | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Recently, an inexperienced trader asked me about a stock that traded lower after reporting great news. As any experienced trader will tell you, often that is a great opportunity to get short. Yesterday, Facebook reported amazing earnings with a slew of positive metrics. In the after hours it traded to a new all time high above 137. Yet, I got ... 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