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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (8917)5/2/1998 4:19:00 PM
From: Dave Shares  Read Replies (1) of 120523
 
Jenna,

I've decided that I would rather sell a rising stock before earnings, or even break even or take a loss on one that is not moving before earnings, rather than be left to the fickle behavior of investors reacting to earnings reports.

I was sick when PCLE gapped up big time after posting its earnings after I had sold with a nice gain before the report, but I was absolutely devastated by some others that had good reports and still tanked the next day. It is just too unpredictable for me and is conflicting with my risk tolerance level.

That is why it is great that you do post your earnings watch list early, and I and many others appreciate this. You had also told me in the past, and it bears repeating here, that the "earnings plays" either come into play or they don't, and that is the beauty of it. If a stock makes a positive move before earnings, there can many times be enough time to enjoy a decent gain without the risk of the post earnings reaction.

Having said all this, watch me go out and buy one and decide to hold for earnings..... I do think that there are going to be clear cases where it will make sense, but there will be the associated increase in risk.

David
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