<< Market Gems full SEPTEMBER earnings Calendar on the Website >> Turns out there was another company that does earnings dates, so I will use them for September, October in conjunction with First Call, (I'll be holding First Call as well because they give EPS analysis and, Analysts upgrades/downgrades, 7 days revisions etc.)
Also looks like October Calendar will begin to be filled in within 1-2 weeks. I'm already beginning to load the companies little by little (there will be about 2,000 to load into Telescan) into my ProSearch Database for filtering.
I'm hoping to have follow them up this time as position trades and/or intermediate holds. There are also lots of patterns that are common to certain companies. (ADBE, INTU, ORCL enjoys good action AFTER the report because they usually are coming out of a short correction by the time their report comes out, whereas companies like TEK, BMET and OCLI will be 1-3% of their 52 week high and usually sell off after earnings).
Long John is doing pur statistical analysis but in my 'chart analysis' of scores of plays, which I will liken to a sonagram, you can visually discern the short downtrend after a lot of companies report. Right afterward there is a steep uptrend. A lot of you have held for the 'pop' of anticipatory upswing but could be missing out on the bigger potential. CMED was an example of a stock that was both downgraded 1 day after earnings, but then upgraded the very next day and therefore had extreme up and down price fluctuations in only two days.
"Anticipating" even after a downgrade on valuation the reentry point, can be profitable as well... This is an example with LXK, and ETEK for example. ETEK was downgraded purely because it had run up. The thing to do would be to follow ETEK through its present corrective phase and 'jump on it' when there are signs of a further breakout, either after a short consolidating period. Either way stocks like HLIT and ETEK can correct very quickly and become good swing and/or position holds (2-5 weeks) once again.
Conclusion would be to follow stocks like OCLI, EMLX as much as 2-3 weeks before their earnings report and/or wait for the rare correction (like I did last week), knowing their price patterns, and their fantastic EPS growth from quarter to quarter. It should take subscribers only 1 earnings season to begin to see the repeaters (which are about 60-65%) and the whole earnings 'game' will be as much intriguing and profitable for you newbies as it is for our more senior members.
To 'check this out' I suggest to you look at the newsletters from the May and July quarters of 1999 and compare them our upcoming September Calendar.. So many repeaters reporting at about the same time. To check on the website, just type in the company like "QLGC" into our search engine and it will come up. Likewise on the Market Gems thread in Silicon Investor you can type the stock into their search on the thread for a 4 months back check of the stock enabling you to see how it 'reacted' after the last report.
We are getting a lot of IPO's and some are potential blockbusters, its true. It will be a challenge to track their earnings dates, (which is how I found HOTJ), so we can pluck them off as well. I did find two for September but will be following as many as 150-200 new companies just out in the last few months for their earnings dates (i.e. EELN, LOOK, KIDE).. WE never knew what a potential blockbuster KIDE or CUST was when they were on our earnings calendar. Given the experience in the last 2 months (June/July with CUST and August for KIDE), we won't make that underestimation again! |
