Subject: Stuff about trading you may have missed To: Online Stock Traders <list@etradingprofits.com>
Stuff about trading you may have missed
Dow Jones No Longer "Industrial" --------------------------------
Sears (S), Union Carbide (UK), Goodyear Tire (GT) and Chevron (CHV) got kicked out of the Dow Jones Industrial average.
Microsoft (MSFT), Intel (INTC), SBC Communications (SBC) and Home Depot (HD) will be added in their place.
MSFT and INTC represent the first Nasdaq listed stocks to ever be added to the Dow Jones.
This is significant in the sense that companies like MSFT and INTC represent a large portion of the economy and that technology is finally being recognized for the role it plays in our society.
Just goes to show that the smoke stack industrial index is giving way to change.
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Compaq (CPQ) Beats Earnings Estimates -------------------------------------
Earnings for the last quarter were .02 cents better than expected. Compaq may be on hard times but the company hasn't lost its ability to pull the wool over the eyes of Wall Street analysts. They reported earnings of .07 AFTER they talked analysts down.
Here's how the game works. CPQ insiders know that they're in a squeeze, maybe temporary, maybe not. But it's ALWAYS a great PR move to beat the "Street's" earnings estimates.
So CPQ warns Wall Street that they'll report earnings lower that what Wall Street expected in an attempt to get the brokerage firm analysts to lower their earnings estimates to a number CPQ knows it can beat.
Ebay (EBAY) beat earnings estimates by a penny, but missed the four-cent whisper number by two cents. The stock sold off more than 10 in after-hours trading.
What a joke whisper numbers are. You want to get killed trading stocks during reports of earnings? Just hang on to them and wait to see if they beat the "whisper".
The whisper number is the most mis-understood concept related to earnings. You don't even need it to trade profitably.
Tricks of the Trade members know how to get 2 to 10 point profits out of stocks during earnings season WITHOUT wasting time searching for whisper numbers.
I can barely type that word "whisper number" without laughing. When you're ready to start making money trading I'll show you how to do it.
Here's a great story you may have missed.
In fact, by the time you read it, it will be old news. As I'm writing this email the market is not yet open.
It's Wednesday morning about 6:00 am mountain time.
FFIV was expected to report -.05 that's right a loss of a nickle a share. They actually reported .11 and the stock is bid up through the roof. Wall Street really nailed this one.
Want to read about the shenanigans AMZN tries to pull with their earnings reports? etradingprofits.com
<a href=http://www.etradingprofits.com/accearn.htm> AOL-ers Click Here</a>
How about the Ebay stock scam story? Click here to read it ... etradingprofits.com
<a href=http://www.etradingprofits.com/ebaysale.htm> AOL-ers Click Here</a>
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Sometimes learning to trade isn't about learning NEW techniques.
It's more about learning the way things work on Wall Street, learning what you don't need and what not to do.
You don't need to sit in front of a computer all day.
You don't need complex technical software.
You don't need half the stuff you might think you do.
And lately, we've had more Tricks of the Trade members tell us after they've read our trading manuals that they STOPPED doing what they were doing that wasn't working AND they learned WHY it never worked for them. The light bulb went off in their head - that is the sign of a true education.
Speaking of memberships, here's the details (prices, what you get, our Iron-Clad guarantee, the hour you get to spend on the phone with me, and so on): etradingprofits.com
<a href=http://www.etradingprofits.com/order2.htm> AOLers Click Here</a>
Trade Well,
Jack
P.S. Stop screwing around and get in on this "Trading For Income" tele-seminar so you can see for yourself how fun and profitable trading can be: etradingprofits.com
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