Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (80693)	1/28/2000 2:04:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

ANAD techstocks.com. what a day for a SEBL dance but the minute ANAD pulled back was a good chance to expect a move up on earnings instead of a move down. And this was just the opposite for ALLR. I was ready to short ALLR before it ran up in just a few sessions but did not.. After ALLR's earnings report it started a pullback and then it was time for short or puts since the runup in ALLR was BEFORE earnings, so a selloff was expected AFTER earnings. QCOM was too controversial to judge so as usual I would suggest next time to just take the 10 points or so during "anticipatory upswing" and leave the 'holding through earnings' for the others.. At many QCOM threads/message boards on Raging Bull, SI, Motley Fools, and YHOO I was privy to a rather infantile 'denial' after earnings were already out and the writing was clearly on the wall. The battle/debate between shorts and longs was still continuing even after QCOM had lost 20 points. Some were actually going so far as to say that after hours trading meant nothing. That is part of the reason we should not be tempted by holding controversial and very influencial stocks through earnings. The irrationality that persists after the earnings are out can overflow onto the results leading to a panic reaction, probably selling, which can have short range, but nevertheless devastating effects, on long positions. Its way better to stay on the sidelines and wait for normalization before entering these stocks, even if it takes a week or two.