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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: The Perfect Hedge who wrote (22625)	1/21/1999 12:44:00 PM
From: Jenna	Read Replies (5) \| Respond to of 120523

CLFY..VSIO.. . why you can't hold indiscriminately through earnings.. VSIO was a great trade for weeks now and was in a very strong uptrend especially through the entire week last week. I thought it was overbought by the end of the week and mentioned it. It was obviously on the way towards a correction and downgrade after such a stellar peformance. It met expectations and that was not enough to save it from the inevitable selloff. For CPWR it was the same thing. It took a hit yesterday and was a good trade most of the month. What you can do with both stocks is watch them for the inevitable rebound that has already begun in CPWR. So in essence you have potential trades BEFORE the report.. and you don't partake in the day earnings come out.. you wait for the selloff to complete and I'm pretty sure VSIO will start to rebound as CPWR has already done. You then have 2 good trading opportunities, one before and one after earnings, without the grief of holding a tech stock through earnings. If you are interested in holding an earnings play for a short term or position trade you should not get into one that is overbought but rather wait for the pullback and then get in. CLFY holding but it is getting weaker. holding MXTR as well. Out of VLSI..