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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Probart who wrote (65375)10/8/1999 2:09:00 PM
From: Jenna  Read Replies (2) of 120523
 
WGO.. The indication should have been the day before the report the stock was down quite soundly compare that with stock # 11. I was in only because I held it for months, otherwise I wouldn't have gotten in on a down day. It was up 9/16 the day before that down day. That is why I am saying exercise caution on HDI.. Its possible on plays like WGO and HDI to wait until AFTER earnings because they don't usually gap up much in the morning. As a rule of thumb just to be safe, I would not hold a stock through earnings that was not up on the day before. Even YHOO was up the day before earnings. Even if they are up you are not guaranteed of a success, but if they are down its more ominous.

Another rule of thumb is that if a stock is at its 52 week high and is up before earnings (i.e. BGEN) you can expect profit taking. I would have sold BGEN from strength, but its like pulling teeth trying to get the new medical equipment, and pharmaceutical and biotechs from my husband... He compares them to the large cap drugs (ABT, JNJ, WLA, MRK) and they look so appealing. I try to say no matter how powerful a stock rises, they will decline at some point and earnings is just a ripe point. They sell into strength and then buy back after the sellers have dwindled, knowing that the stock will inevitably rise again. In fact I was tempted to short BGEN as my first short through earnings, but thought that was not prudent as it was sitting in my husband's portfolio.
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