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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?


To: Jenna who wrote (2291)1/18/2001 6:24:37 PM
From: Jenna  Read Replies (1) | Respond to of 6445
 
IDTI IDT Delivers 13 Percent EPS Growth On Record Results in Third Fiscal Quarter; EPS of $0.87 on Sales of $278.9 Million Demonstrates Continued Leverage in IDT's Business Model

This one we decided to keep holding as it was on today's watch list and a swing trade already for a number of days looks good after hours.

THURSDAY, JANUARY 18, 2001 4:09 PM
- BusinessWire

SANTA CLARA, Calif., Jan 18, 2001 (BUSINESS:IDTI), a leading communications IC company today reported third quarter fiscal 2001 operating results. Revenue for the third quarter was $278.9 million, up 57.8 percent from $176.7 million for the same period last year and up 3.8 percent from $268.7 million for the second quarter of fiscal 2001. Revenue for the first nine months of fiscal 2001 increased 57.1 percent to $778.9 million from $495.8 million for the same period last year. Revenue, earnings, gross margin and operating margin set Company records.



To: Jenna who wrote (2291)1/18/2001 7:12:39 PM
From: Jenna  Read Replies (2) | Respond to of 6445
 
We didn't exit the trades we called in the morning. Everything was held to completion through the last reversal period and taken home a half dozen swing trades both new and old ones. I don't see the point exiting good trades because they have slowed down a bit. Since we are trading on trailing stops we can afford to hold all trades through their beef. We are not scalpers but Long-Term Day Traders and Swing Traders. I see every trade I made at 9:50 I held through near the close. We even called SANM, VRTS, IDPH,GSPN, ADTK, and others an overnight hold.
If you haven't yet realized the big profit lie in SWING TRADES you are only getting 1/4 to 1/2 of potential profits. Look at EXFO for proof.

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