Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: JimisJim who wrote (11710)	3/27/2007 5:45:39 PM
From: chowder	Read Replies (1) of 13449

RNO announces earnings tomorrow after the close. I'm not sure how you play earnings announcements. A lot of people like to sell 1/4, 1/3 or more of their position prior to earnings in order to manage risk. If price sells off, one can always buy back at a lower price. If price gaps up, one can always apply the gap rules explained in my message header, and often times buy at a better price, by paying up, than the loss that sometimes accompanies a "sell the news" event. Again, it's all about managing risk. Professional traders look forward, so a good earnings announcement isn't enough to help a trend. It takes better than expected news. Just some ideas to share, not necessarily directed towards you. I linked your message because you asked about RNO and I noticed they announce tomorrow, so I wanted to remind the board different ways of playing earnings announcements.

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