ARound the very intense eaarnings season July 14 through the 28.. I have a lot of alternate earnings plays (MIPS was one, FUSE was one)
On the 27th for instance LIPO was on the watch list 27th thereafter and soared actually yesterday one of the worst days for the market in months from 22 to 28 or so. DSET also soared as did JAKK, CYTC, CMTN and HIFN and HLIT were on the watch list twice... Once in a while I have an alternate that is sort of on the border.. MIPS I had although I could have sworn I had LRCX I might have overwritten it myself.. but these were excellent plays.. The reason I bother to answer is because we have a lot of newbies that there is a chance might benefit from your questions and my answer that a LOT of plays during these two weeks were earnings related.
LRCX triggered a buy on 28th when was about 47 and today in three straight sessions it is already 54, so I usually put them in the watch list a day or two BEFORE the actual breakout. 5,000 report so if its on the list its either a real play or an alternate but what they have in common is what I feel is a very good technical chart and fine fundamentals (same as SNDK).. I personally was thrilled to get onto some of these 2 or 3 days before the report as HIFN, HLIT and SNDK soared.
Had you bought LRCX when it triggered you might have made up to 7 points so I don't really see the point if I actually mentioned it as being an alternate or real play. It was on the listg a few days before earnings becasue it was 'on top' of its earnings date. Now I don't usually mind answering questions of this sort, but I think it takes valuable time away from he thread to post something I feel is quite incidental. When we have our chat room and I will be freed for more research, charting and writing you could ask these questions to the hosts of the room, because I'll have someone else answer, but I am quite busy, juggling earnings plays, watch list plays and I might add quite successfully this month and other work (for Market Gems) so in all honesty I would like a little more consideration of my time or at least save it for a PM. This is meant in the kindest possible way.
LRCX on watch list of 7/28.
07/28/99 46.562 48.625 46.125 48.250 600,300
07/29/99 47.625 49.812 45.937 46.375 1,372,100
07/30/99 54... |
