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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: The Perfect Hedge who wrote (15074)9/18/1998 11:10:00 AM
From: Jenna  Read Replies (1) of 120523
 
NKE up over 10% today.. also up soundly on Wednesday. Puts are a possibility, yes. I think it will be up as much as 4 today, just like SLR, market wants a favorite in these volatile days to hang a trophy on, even if temporarily. If SLR, another good earnings play could be down after a 6 point gain in one day last week, then I think NKE will have its down days next week

By the way BEFORE earnings someone asked me if I thought NKE puts would be in order, and I did say I didn't think so. Beaten down stocks already have the bad news factored into their price at the time of earnings. Of course there are exceptions. Sometimes you have this scenario: The beaten down stocks RISES 2-7 days before earnings on anticipation so after earnings it inevitably gets pulled down again.
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