Clang I'm nor sure its not more trepidation than insight. I felt immediately that the stocks were a little ahead of themselves this earnings quarter because of Fed meetings. What should have been anticipatory upswing for the earnings reports became "anticipatory uswing' for the Fed report. Ironic isn't it?
So the 'news'was built into the prices of the net stocks about 1 week before and about 1 week after which still was BEFORE the intense earnings report. That is why stocks like EXDS, RNWK, YHOO and AOL surged. So now we have a situation that should have occured at the end of July, namely the stocks should have surged another week but the surge should have started later. Fortunately I took advantage of the anticipatory upswing from the Fed and bought stock around the days before the report, on the day of the report (calls) and up until the last few days. Another irony is besides a few days holding ,EXDS (missed most of the run up gain but all of the downswing also), GALT, ALLR, HLIT (missed the second run up but then I missed the downswing on ALLR also , BOBJ and a very few others (only hit and run trades), my best gains since June 17 were were going long from the 'shorters' plays: namely STMP,PHCM,CUST and WAVX.. If my computers had not gone on the blink I would have gotten into puts this mornings which was what I tried to tel the thread.
The reason the watch list have been coming out so late these last few weeks was that I was trying to balance some good plays with the watch list with some "alternates and/or substitutes' from the earnings plays, not a small chore. I'm hoping that August will be better but as for the nets, I don't trust long time holds with them.
I met someone this afternoon who thanked me for giving him WEN and GILTF..He made about 5 points on one and 10 points on the other but traders this was the first week of MAY..That was 10 weeks ago. and he ws pleased how many of you lately are pleased with that gain in 10 weeks. You want it in one day and so do of, of course, but I think that we should grab every gain we can and get out with 5% profit. I don't take home nets only about 10% of the time. and lately they are 50% puts. |
