RE:Don't Forget1nt2Trade wrote: Prior to BTE's at least last 2 earnings there was a short covering rally to reduce exposure to possible earnings swings. BTE decoupled from oil the day or 2 before earnings release then and rallied up into the end of earnings release day. Then, the next day after earnings, BTE tanked hard both timed. The pumpers were estatic suggesting there must be a leak and smart maoney was buying......boy were they off on that! So far this time around it's setting up the same way. Sell the late day rally tmr then buy the news.
Nailed it! The classic BTE oil decouple then afternoon rally to sell into then next day tank at earnings release. Don't try this next time it won't work.