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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 (24091)2/2/1999 9:32:00 PM
From: Jenna  Read Replies (2) of 120523
 
There is plenty to learn in watching the results of the 6 earnings plays in my preceding post:

With enough experience, and checking historical reactions of stocks after their own earnings reports you can get a better feel for what to expect from each company. Rule of thumb however, should be not to hold through earnings unless maximum criteria are met:
1)stock closes at high end of its trading range,
2)very high volume,
3)stock is not severely overbought (CSCO, BOBJY), preferrably it is not closer than
4) 10% to its 52 week high.. this can be waived if important resistance has recently been pierced. But you'll find you won't even want to hold through earnings since you can geta 5-25% or more profit before earnings come out. If you check MMCN and MYSW you will see that.

Remember you never know if in the stocks report there is not a statement about future prospects or any further problems that might be lurking like an audit or some kind of irregularity with the accounting. Don't necessarily expect the worst but be prepared for it. and I would never hold a large tech stock like DELL, IBM, CSCO through earnings when you can enjoy and 10 point run up before earnings.

And of course you'll know that after the hullabaloo dies down here is a stock that will provide more gains after the initial buying/selling pressure wears off.
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