March 1998 has been a great month for earnings plays:
List of winning "Earnings Plays" made during the Month
of March 1998:
CXIPY,VTS,BWG,SCSWF,SSPE,FDO,RFMI,ESIO,WLT,MERX,LHSPF,ADVH,ITEQ,
FRAG,DH,KSS,RCMT,PFT*,STNRF,ITEQ,INTS,MBJI,APOL,PTEN,
RCGI,BKE,NKID,GRDG,MIKE,ABS,SMTK,QMDC,GNCI,DH,WTSLA*,STGE,
IO,LHSPF,GDYS**,KBH,PSUN,ADSK,COST
List of other plays on my watch list that turned out well
but were missed
LEN,MWD,TXI***(called as an important stock to watch on March 15,
has increased since that day), AHOM,
Plays that did not turn out well: GFI, JBIL (did not
hold until earnings but did own 2 days before earnings)
Non-valid plays that never came into play:(i.e. never
exhibited the volume and price rises that precedes
calling it a "BUY")GADZ,SAMC,DLP,MIND. There were a few
others that never came into play for various reasons.
Plays that were excellent for pre-earnings run up and were sold
before earnings: RCOT,RXSD
Plays that did not take off after good report:
SELAY,PFT
Kick myself for missing plays: MANU I've played
MANU for 2 consecutive earnings seasons but did not
call this season because of fears they might have
exposure to Asia.. OUCH!!
*PFT,WTSLA both were up on pre earnings but down the next day.
WTSLA since was up 2 points after a lackluster 2 day performance
but PFT still has not made a full recovery.
**GDYS had a good report with a warning that April store
sales might be a bit weaker. It was up on good earnings
expectation,down the following day and up for 3 consecutive
days thereafter.
***TEXAS INDUSTRIES INC COM- TXI - DAILY PRICES
DATE OPEN HIGH LOW CLOSE VOLUME
---------------------------------------------------------------
03/13/98 51.687 51.937 51.250 51.437 138,000
03/16/98 52.000 52.250 50.750 51.562 131,100
03/17/98 52.312 53.625 52.312 53.000 231,600
03/18/98 54.000 54.312 53.000 53.000 176,300
03/19/98 53.250 53.750 53.125 53.750 209,200
03/20/98 53.937 54.625 53.937 54.375 133,800
03/23/98 54.250 54.375 53.375 53.625 139,500
03/24/98 54.000 54.875 53.937 54.750 134,900
03/25/98 55.375 56.312 55.375 56.062 233,000
jenna
marketgems.com |
