Saturday, November 22, 2014

ABC - AmerisourceBergen

On 10/27/14, I initiated a buy on AmerisourceBergen (ABC).  I purchased shares at 78.99 just below the pivot point of 79.23.  

In hindsight, it was risky initiating a position 3 days before earnings without any cushion.  On 10/30/14, ABC beats earnings by 0.05 cents leading to a 6.4% gain for the day on volume 226% higher than normal.  I am up 7.4% for the day.

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