CLGX: A Bet On Good Earnings

٢٠ أبريل ٢٠١٥

This trade in CLGX (CoreLogic) was taken in conjunction with PAY (VeriFone Systems). It has the exact same trade pattern excexp that CLGX is coming out with earnings in two days (the 22nd). I am betting that earnings will come out great for CLGX just as good as it did for PAY (VeriFone Systems). This is a risky trade. I do not normally trade this way, but given the 5 year, good, trend on the cashflow statement for CLGX, I am confident that it will beat earnings just as PAY did. They are somewhat related and should have similar results although different industries.

I did not want to publish this because it is not a trade I normally do and don't suggest it for novice technical traders who don't pay attention to earnings like we are about to have with CLGX.

I bought the hammer. My tentative target is 36.68 to 36.91. I will look to see price action there.