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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades

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To: Jenna who wrote (319)5/30/2001 7:23:33 PM
From: Jenna   of 1227
 
ANST (earnings play) nice move today in 400% increase in volume, in down market repost of chart from last night Message 15867573 : We have very few earnings plays only about 3 to 5 a day but all of them have price action (i.e. FNSR, FCEL and CMVT we were looking for "Anticipatory Downswing") after Tuesday's open confirmed the market was looking at correction, earnings plays will SUFFER the most in such a situation. FCEL we had to wait to see where the trend would go on Tuesday, because this sector has enormous investor sentiment, but it didn't take long to see where it was heading.

ANST was great in Anticipation (that is the chart you see BEFORE THE REPORT) after the report it went to 17.38 with no risk of HOLDING THROUGH EARNINGS. All you need is to KEEP TRACK OF THE EARNINGS (like ALOY or CPRT) Notice the bullish hammer close on 5/29 an indication of possible pending breakout

If you follow up the earnings plays in pre anticipation mode and after the report, you can profit without having to risk holding through earnings.
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