<<AHAA>>> +6 1/16..HLIT +5 1/16 was a past "highlight" just in April. AHAA was already under accumulation and LXK was 'in wait' and now that is being accumulated as well. LXK has recently triggered yet another buy signal and like HLIT, GEOC, GALT is part of a special group of stocks that are 'geared' for repeat performances quarter after quarter (SNDK is another).. Now these will not perform like PASA or JNPR, but will PASA and JNPR be up consistently in triple digits in 3 months in 9 in 1 year?
Could be but I wouldn't be too sure. That is why I intersperse my volatile internet/hi-tech plays with AHAA, QLGC, HLIT, quarter after quarter, and though some of you think that is a lot of stocks to watch its really mighty easy. Its like watching your child step up to the awards podium quarter after quarter. They always get their just rewards for a quarter well done. Now the group HLIT, AHAA, GALT, GEOC etc were holds for about 2-6 weeks and AHAA was the last I sold.. then we rebought it after it moved back into 'buy' territory which is about the time it was put inot the earnings calendar.
AHAA, HLIT, LXK are all getting ready for the pending season, of course its not automatic it still has to pass the tecnical criteria. Never buy a stock that was once a hit because you'll end up with another YUM or TAGS that could turn against you. Just be prepared. Thats why I say that the beauty of the earnings play is in its repetitiveness.. Of course you have rebels like a NEON or something that just breaks out of the 'preferred earnings status' due to a shortfall, downgrade etc, but that is part of the breaks you have to be aware of.
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PRD was another type.. That one actually did very well for a few weeks before earnings but started to wane lately, obviously this would leave PRD off any future earnings report, and as it triggered no buy signal, it is easily forgettable... on the other hand although BGEN sold off and AMGN surged both of them will be repeaters next quarters and we have to be more attuned to how AMGN and BGEN act before earnings (how far from their 52 week high, how much anticipated earnings growth, revenue growth, debt/to equity, price to sales, insider trading etc)...
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