Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Rashid Garuba who wrote (2233)	10/18/1997 11:46:00 AM
From: Paul A	of 7396

Read Roberts post #2232- you will see he mentions rule #1. I must give credit where credit is due, and this rule of his is probably the most valuable 'rule' I have stolen from him/this thread. Never keep a position in a company when numbers are reported. I cant tell you the money this has saved me. Do some comparing. Look at companies that reported fantastic numbers as opposed to companies that fell short. I learned of this 'rule' just recently when I sold PAIR. I bought at 21, and sold at 29 3/8 just weeks before earnings were due. Needless to say, the expectations were met- the company did fine, and I would have lost several points on the good news as well... at the time it didnt make sense, however- in retro. it makes a lot of sense. VANS would have given me 1 extra point if I held durring numbers release as well.

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