Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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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 (23050)	1/27/1999 7:03:00 AM
From: Eagle	Read Replies (2) of 120523

Jenna--great post re holding thru earnings---but suppose a tech stock on which a great earnings report is expected drops 5 days in a row just prior to earnings release? Example --on 1/19/99 I purchased SCOC, MTMS, MACR, CLFY ---ALL 4 dropped EVERY day, except MTMS on 1/25----I was down 7%--but yesterday, in 1 day,after earnings report on SCOC and CLFY, ALL 4 turned around, up, and I went from negative 7% to up 1% ---could 4 to 5 days of closing down be a harbinger to buy the day before earnings? If I had done so on SCOC and CLFY I would have realized a 9% gain in one day (using just closing prices). Curious as to your input. Tom

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