SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Shorting stocks: Broken stocks - Analysis

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Q. who wrote (783)12/10/1997 1:55:00 PM
From: Brad Patton  Read Replies (1) of 2506
 
John,

Have you seen any data on shorting companies who announce missed earnings. There is usually the huge one day drop (aka ORCL down 30%). However, in some of the stocks I watch, I've seen them drift much lower over the next few weeks/months. For example, WDC dropped from the mid 40's to the low 30's on its first earnings shortfall. Since then there has been another miss and drop to 16. OXHP got smashed to the high twenties and has continued down to 16 as well.

Granted this is a small sample space in a violatile market. And, the reasons for the miss may be quite different, industry in WDC and management in OXHP. My question is this a good initial screen and are there additional factors to look for.

Thanks.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext