To: Jenna who wrote (37680 ) 5/1/1999 3:33:00 PM From: Jenna Respond to of 120523
CDWC and MACR? a pattern or a coincidence? CDWC was a very good earnings play. It afforded no fewer than 3-4 swing trades before /after earnings. Holding through earnings netted you from 57 to 68.. On April 27, it reached a high of 96 1/8. That's roughly 40 points from 4/19 until 4/27. Not a bad swing trade.. But I did notice incredible volatility before earnings.. The stock was up 5 one day and down 5 the next within a very high 15 point range. MACR is beginning to show signs of similar volatility, down 3 1/2 then up over 4. I'm wondering if that is precursor of its price patterns as well. Neither of them were overbought through the earnings and MACR has an even better chart than CDWC did. Earnings were the 22nd after the close and note the gap up in the morning it is bolded. CDWC Date Open high low close volume 4/30/1999 89 1/2 85 91 1/2 85 59,600 4/29/1999 86 1/2 89 1/8 89 1/8 85 1/2 58,500 4/28/1999 88 91 93 87 144,300 4/27/1999 90 3/4 91 3/4 96 1/8 89 5/8 180,400 4/26/1999 89 1/4 85 1/2 90 85 123,500 4/23/1999 88 1/4 87 90 82 1/2 232,900 4/22/1999 89 82 3/8 91 82 1,017,400 4/21/1999 72 1/2 65 74 64 7/16 103,800 4/20/1999 65 7/16 59 5/8 68 13/16 59 1/2 172,000 4/19/1999 57 1/2 67 1/4 68 1/4 55 7/8 135,300 4/16/1999 65 1/16 65 1/8 66 1/2 65 1/16 34,200 4/15/1999 65 5/8 66 3/4 68 64 163,600 4/14/1999 66 3/8 70 71 1/4 65 3/4 112,600 bigchart.com MACR has been up considerably after the last two earnings reports, but not before having about a 7 point slide after the last one... I think volatility aside with the 3 digit growth and terrific software, MACR could still be a could short term/intermediate term hold. I'd like to get back in for a swing trade as well. It had an 20% earnings surpise January 27th, 1999 and a 25% earnings suprise on October 30, 1998