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

To: Jenna who wrote (18266)	11/8/1998 7:46:00 AM
From: Michael Berkel	Read Replies (1) \| Respond to of 120523

Re: "Holding through earnings". What you are in fact saying Jenna is that holding through earnings is a dangerous gamble. There are no certainties and even a healthy stock with great earnings can be beaten down when the earnings are not great enough or because investors decide to buy the rumors and sell the news. Perhaps the best strategy is: 1) To jump on the bandwagon if Momentum is good and jump off just a couple of hours before earnings will be announced! 2) Once the earnings are out: jump on the bandwagon AGAIN, when the earnings are well received by the Street and Momentum remains positive. It can cost you a couple of points to get into the stock again, but at least you didn't lose your pants. A good example is ANF. Expectations are (too?) high and if the earnings on 11/11 are not good enough or when the Smart Money sells on the Good News..the stock can rapidly go back under 40. I am selling ANF before earnings are out, irrespective of ANF's good fundamentals. Do you agree with me here Jenna? Michael B.