Another Argument for Earnings Plays as Intermediate Holds...
Tuesday, March 30, 1999.. Just another typical day. Opening yesterday's newspaper to NASDAQ Stocks in the News: (Graphic displays of stocks over $12 that hit new price highs or are near new high) There are 24 stocks in this display and not less than 10 were earnings plays this quarter: JCOR, EFII, MACR, MTNT, MFNX, CMVT, GENZ, AMES, NTAP, RGIS. This is without doing any statistical analysis proving once again the uniqueness of these plays. These have all reported from 1 week to 5 weeks ago and are now hitting new price highs, people are obviously investing or will be investing in these companies. I'm either long or have been long in every single one of them.
So if you are a professional like a lot of our new subscribers and can only trade a few hours a week, you might consider the earnings plays fresh after their reports (they don't really get into the headlines until weeks after they report for investors (appearing in financial magazines like WORTH, Financial World, Smart Money etc.) to take notice and days for other traders to take note (i.e. DLIA, AMES, NDB) |
