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Strategies & Market Trends : Ask DrBob
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To: longdong_63 who wrote (3427)9/6/2000 12:00:18 PM
From: bcrafty   of 100058
 
LD: STLW long into earnings sounds risky to me

All too clearly I remember the serious burns I got doing the same on VTSS and ISLD in July, and they both beat the street.

FLACK once said that he never goes long into earnings, and now I think he's right: it's just too risky. Sure, you could get a gap up, but when many good stocks are taking a hit after reporting good earnings, it makes you wonder about the certainty of the result.

I think the guy on your CBSmarketwatch link is overly optimistic when he say there are "sure signs" of a short squeeze about to happen. My question to him would be "short squeeze for how long?"

Of course, tomorrow's performance on STLW and everything else all depends which direction nazzie wants to run tomorrow. I too hope its the other way. Like you I'm tired of this slow grind, let's get this correction over.
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