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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Dale Baker who wrote (560)1/11/1998 4:05:00 PM
From: TATRADER  Read Replies (1) | Respond to of 18691
 
Dale, I try to exit any position I am in before earnings....If I am long, the stock usually runs before earnings and then sells off on the
day of earnings...So I get out a few days early with profits in my pocket......However, if I am shorting, regardless of earnings, if a stock breaks a pattern, I short it.....In other words, if it breaks the pattern before earnings, it tells me the smart money knows that the market is going to take the stock down on the day of earnings, and they are getting out early....I am open to anyone who can give me advice on this issue, since I have not been shorting on a regular basis until the past several months....Regards, Mark

P.S.Other indicators tell me if a stock is overbought or oversold as well, plus high level volume areas, etc that must be taken into consideration.....
P.S.S. Anyone following AOL, check out the double top....It was forecast by TA...Plug in your Relative Strength indicator and see how the second top was not as high as the first...Whoever called that double top, did a fine job...