Pocket Pivot Review - MXL update 8-9-16

Published : August 9 2016 at 10:26 ET

MXL reported earnings today and is gapping down. This illustrates the earnings roulette issue we have discussed many times prior. 

Naturally, disregard the MXL note in today's Premarket Pulse. We sent the original pocket pivot report on MXL well after market hours last night so no positions in MXL would have been taken, and today's gap lower would just be disregarded.

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