Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (25507)	2/23/1999 4:45:00 PM
From: Jenna	of 120523

A word on anticipation. You almost can do no wrong if you follow the trend. I sold a very profitable trade NN this morning and noticed that it was actually downtrending for the remainder of the day. Knowing that earnings were coming out I saw the anticipation was over. It turns out that NN did not beat estimates after the close. Some of your questions are telling me that some of you are not closely following the trend. You can't ask on Tuesday if anyone plans to hold a stock through Friday. I am not a daytrader but I consider a full trading day as being very important in determining holding any stock and not just earnings plays. 2 full trading days are twice as important. Occasionally I'll sell a perfectly good stock before the anticipation is totally over but I'd rather do that than hold anything through earnings just because I 'expect' a good report. OF course I'm not that stringent with the watch list plays. If there is no earnings report hovering around my head, I will give the stock the benefit of the doubt and have thus held through 1 or 2 point losses.

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