How The Biggest Earnings Beat This Week Became a Death Trap
By Prof. Jeffrey Bierman, CMT
Hey trader,
AppLovin beat earnings by 12%. The stock plunged almost 20%.
Cisco beat by 27%. The stock collapsed.
If you are holding tech positions through earnings season and relying on strong numbers to protect you, these results should terrify you. Beating estimates no longer matters when momentum has already turned against you.
I warned my mastermind members the day before AppLovin reported. I told them if they owned this stock without a hedge, I would fire them.
The expected move was $34. It dropped $88.
Today I am going to show you exactly why strong earnings are failing to save tech stocks.
I will walk you through AppLovin, Cisco, and the domino sequence that puts every parabolic position at risk.
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