Office Product Stocks - ODP/SPLS/OMX/VKNG/CEXP/OFIS/BOP Message Board

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Non-Tech : Office Product Stocks - ODP/SPLS/OMX/VKNG/CEXP/OFIS/BOP

SPLS 10.25

0.0%

Sep 28 5:00 PM EST

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To: David Spruiell who wrote (226)	10/8/1999 4:23:00 PM
From: Walter High	Read Replies (1) of 297

David, Just a word of warning: it is absolutely impossible to predict what a stock is going to do in relation to its earnings report. You are right that a stock often runs up in advance of earnings. I have found that buying a week or so in advance and selling about two days before earnings works well. I have been completely burned several times by holding through earnings, even when they were GREAT! I just got burned this week on one where expectation was $0.32 and it came in at $0.44. The stock dropped from 24 to 15 in two days! If a stock doesn't begin a run up by a week before earnings, I would drop it. My guess is that no matter what they announce, it is headed down for some reason. Walter High

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