To: TWICK who wrote (17334 ) 10/21/1998 1:42:00 PM From: Jenna Read Replies (2) | Respond to of 120523
Twick..Okay, here is my perfunctory analysis on that group of stocks, I just looked at fundmentals. I will look at technicals at a more convenient time after the market close. TWick, playing earnings can be hazardous if you hold THROUGH earnings unless its a stock like RYL, PPD, SUNW.. I take some risk because I've been doing earnings plays like these for 2 1/4 years, and I have a slightly better understanding of them than most traders. I've had my share of 'tankers' the first year (SCOP, ZBRA) come to mind. By the way, nice job PSCX - 10/29 Chicago, Illinois - September 14, 1998 - PSC Inc. announced thirteen new products at the Scan-Tech trade show held this week in Chicago. The new products included the PowerScan™ industrial handheld scanner, retail handheld and fixed position scanners, scan engines, industrial automation systems and compact U-Scan® Express self-checkout system. "These new products are characterized by their reliability, exceptional performance and very affordable prices," said Robert C. Strandberg, PSC president and chief executive officer. "These products will enable PSC to grow sales at a double digig ate next year, part of our strategy for further enhancing PSC's earnings and shareholder value." During Strandberg's first 18 months as CEO, PSC has cut product costs and overhead expenses, streamlined operations, reduced debt and debt service costs, expanded its international business and met or exceeded analysts' earnings expectations every quarter. Now that was probably a press release of some sort so i would take it with a grain of salt, but it is a start.. It's estimated to lose a little third quarter compared to last year but should earn in the double digits for the year anyhow and higher next year. It's thinly traded so I would be careful of this one as earnings play CLYS - 10/29 looks promising as well.. I've had that one before..will let you know if the date is correct shortly INSS - 10/27Also on my earnings list but it's report is October 28 after the close.. called the co. ITDS - 10/27 good choice.. I like it. I remember it but it's not in my database at this time. I called the company to make sure it really is the 27th, and I'll let you know AXNT - 10/22 On my list as well and I will get in again 2 strong buys given on Aug 28.. plus a lot more..that I won't get into here.'The rating was raised from Accumulate to STRONG BUY to reflect strong second quarter results. The 12-month target price was maintained at $38 per share. The company experienced revenue growth in its software licensing and its maintenance and consulting sectors of 38% and 57%, respectively. The 1998 and 1999 EPS estimates were maintained at $0.75 and $1.07, respectively BMCS - 10/22 reported the 16th a surprise but was downgrded by both prudential and goldman sacks and down 6 3/4. This I played for a few points before earnings but would not dare hold such a stock through earnings. I would hold an option though... QLGC and VRTS were good option plays because you risked only about 65% of option price the first day after earnings, they seldom destroy the option in one day. so it's about 65% of 2-4k on average