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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: JakeStraw who wrote (25046)2/12/1999 4:16:00 PM
From: Jenna  Read Replies (4) of 120523
 
XLSW DELL (mirror image of IBM) and anticipatory upswing.
It is so typical.. that I feel like I'm in rerun. When major blockbuster stocks report earnings and they are an earnings play you should be making the trade ONLY on anticipation and usually about 1 week before earnings actually come out. The closer the earnings actually are the harder it is to maintain any real gains especially in a stock that is as strong as a DELL or an IBM. MSFT reacted well but then the stock was not overbought. DELL has been surging in anticipation of earnings and I count about 12 points gain on this anticipation until today. As earnings draw nearer, however, the proverbial 'cold feet syndrome' sets it. The market climate, doubts about revenues, competition will tend to erode the anticipatory upswing after a while... This is only for this group. Most groups fare the exact opposite, getting stronger as earnings draw near.

I went long XLSW at 23 3/4 and it's been holding up quite nicely.
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