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Strategies & Market Trends : gary smith shorts and longs

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To: backman who wrote (287)	1/18/1999 11:36:00 PM
From: David R. Parker	Read Replies (1) of 430

VSIO...I'm concerned about earnings to be announced 1/20. I got burned by buying AMD on a compelling chart just before their earnings...and it turned into a short candidate overnight. Ouch. Could be a winner...but how does the group view the "unkown" of scheduled earnings? Great way to throw a wrench into a chart. If the breakout is primarily earnings speculation, and it can be caught a few days before (too late for VSIO), fine....but to buy on the day of the release just seems like "release roulette". Thoughts? David

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