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Strategies & Market Trends : NEW Market Gems - Swing and Day Trades -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (130)	5/23/2001 9:22:39 AM
From: Jenna	Read Replies (1) \| Respond to of 1227

FIBR we are still long after a nice gain yesterday but might not hold through earnings. SMTC a 2 day hold closed yesterday is down in premarket another reason why "Anticipatory Upswing" is good before the report but holding through the report after a 2 day gain like we got in SMTC is more risky. Its not always the best strategy, we did not hold INTU call options because of the recent downgrade and we feel that downgrades on stocks before earnings are good cause to get out of the position. I am wondering how come if INTU had a good report why this particular analyst saw fit to DOWNGRADE INTU in the first place. INTU was one of our earnings plays.