Question about a possible new price trend in advance of earnings announcements: As you said, we've mostly come to expect upward price movements in techs in the days just prior to earnings.
However, look at DIGI, DMIC, LSSC, and I think even INTC(?) going down the day or two prior to their most recent earnings announcements, then coming quickly back.
DIGI I know shed 30% in two days (day #2 being the day of the announcement. For example, please see chart below). It then popped back 25% the next day, the 27th, on heavy volume.
I'd be interested whether anyone thinks there's a trend here.... Might we see this with CREAF?
r/s
Ben
DSC COMMUNICATIONS CORP
DATE CLOSING PRICE OPEN HIGH LOW VOLUME
-------- ------------- -------- -------- -------- -----------
1/29/98 20 1/2 20 20 3/4 19 7/8 1,285,800
1/28/98 20 1/4 21 3/8 21 1/2 19 3/4 2,583,100
1/27/98 21 1/16 17 7/8 21 3/16 17 3/4 5,361,300
1/26/98 18 20 1/4 20 1/4 17 5,308,900
1/23/98 20 7/16 21 1/2 21 1/2 20 1/8 2,973,000
1/22/98 21 7/16 22 22 3/16 21 1/4 2,005,500
1/21/98 22 5/16 22 3/8 22 5/8 22 1,006,700
1/20/98 22 1/2 22 3/8 22 5/8 22 888,400 |
