To: DonnaS who wrote (70632 ) 11/10/1999 11:22:00 AM From: Jenna Read Replies (2) | Respond to of 120523
Usually the earnings plays are longer term plays than just a few hours, but the earnings plays this week are more volatile than the ones for last week.. Add to that the fact that a number of them except HLTH which did great and ICGE as well, are not familiar fare. I do not want to give you a green light when except for PGTV, TFSM. TGNT of course CSCO the others were more unpredictable. Basically the buy signal was called clearly for CSCO, PGTV, HLTH and TGNT.. TFSM was up but not called and MAPS was good for a few days and DOX gapped up today... TZIX was nice and probably you can get something out of #1 11/11 but a clear green light to hold for 3 days is difficult when there are only about 1/2 dozen that didn't report. Tonight I'll have some new plays so maybe tomorrow if the nasdaq is down we can concentrate on the new earnings plays. Ironically its the watch list tech stocks and internet stocks that are on the second and third day of gains whereas short of the 4 I mentioned the earnings plays are not from a wide choice as the season is coming to a close. JBX, which I followed acted weirdly yesterday, gapped up 4 and then closed up but at the day's low.. CELG was good but not for everyone. What you should do is just concentrate on the few that are good even if its only 2 or three and leave the problem plays alone. Remember we are talking about the eanrings plays, the watch list was much clearer this week as the signals were strong and they held without triggering sell stops or near it... We have to go with the trend and we can't just pick and choose the number of days to hold. LGTO, PMCS, SOFN, AUDC (2 strong days), AOL for a few good weeks) CNQR, and quite a few plays were good for multiple days but you can't chase the stocks, they have to come to you. I know by now that CELG and DOX are probably safe bets to hold THROUGH earnings and LE was good from the get go up 8 points in 4 days.