SCAI(important point on SCAI), MMWW, MMGR, FAF), OSI...
I never buy a stock the day before the earnings report if its in a downturn. I was bullish on SCAI, but even then I wouldn't buy if it's down. If it was up say 1 or 2 points during the day and ended perhaps up only 3/4 point I MIGHT buy, but a steadily downtrending stock BEFORE an earnings report negates the whole strategy of ANTICIPATORY UPSWING. The risks are staring you in the face.
Perhaps it was a buy on the rumor and sell on the news. On the other hand, I have no doubt SCAI will make some nice gains after the selling is over. At least it did not tank today it ended up 3/16 after a full point gain over yesterday's close intraday.
MMWW I'm still holding but I would have wanted a gain today..but OSI I dumped got in 24 1/4 and dumped for 23 11/16. OSI is an example of a stock that was not in the earnings plays newsletter and yet I played a feeling more than a rational judgment. ENVY was a 'watch list alternate" and I had them both on the database but believe it or not OSI was up trending up yesterday better than OSI for the most pat of the day.. Sometime in the last half hour ENVY surged and I know someone knew something aout earning.
MMGR what happened was an excellent earnings report this afternoon. This was another one on the earnings plays newsletter. Medical Manager Corporation Announces Record 1998 Third Quarter and Nine-Month Results
- EPS Reached $0.20 on 52% Sales Gain for Third Quarter
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Sanchez Computer Associates Announces 45% Revenue, 70% EPS Increases for Third Quarter ...
Revenues for the First Nine Months of 1998 Rose 58% Above the Same Period In 1997, Surpassing Total Revenues for 1997..
M
ALVERN, Pa., Oct. 20 /PRNewswire/ -- Sanchez Computer Associates, Inc. (Nasdaq: SCAI - news) today announced a 45% increase in revenues for the quarter ended September 30, 1998 over the same period in 1997, rising from $8.4 million to $12.1 million. Net earnings for the third quarter increased from $1.1 million or $.10 per diluted share in 1997, to $2.1 million or $.17 per diluted share in 1998, an increase of 70%.
For the nine months ended September 30, 1998, the Company posted revenues of $31.8 million, a 58% increase over revenues of $20.1 million for the same period in 1997. Net earnings for the first nine months totaled $4.6 million or $.38 per diluted share, compared to $2.2 million or $.18 per diluted share, for the same period in 1997.
FAF you will have to make allowances for it today.. This is a company that EPS of 56% this quarter and 114% this fiscal year. a PEG OF .09 .. IT had $0.90 cents increase and it was upgraded even while it had a $.80 second quarter.
While most companies lost from last quarter and only gained compared with the same quarter last year. It arngings were upgraded from 55 to 86 cents in the last 30 days.
Analysts'....'The 1998 EPS estimate was raised from $2.44 to $2.67 to reflect the cost and volume data confirmed by the company's second quarter results. The company reported second quarter 1998 EPS of $0.80 versus $0.36 in the same period last year. Results were mainly driven by the continuing, very high levels of real estate activity, especially in California, currently the source of approximately 40% of the company's title insurance business. A STRONG BUY rating was maintained with an upwardly revised price target of $45 per share |
