Bought POT at 217; alert set if MOS falls to 132... With short covering financials the best names are being sold. POT reports on the 24th. This looks like OPPORTUNITY. If it goes down to 200 or 205 region I will buy more... do your own DD please.
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On last night's post I commented on the advantage of looking at the earnings reports ahead of time. Often you can get some nice trades before earnings... and then sell before for a nice gain or let a little ride through if you have conviction that the stock will outperform. I was a little late... but believe me I won't be in the future. With ISRG I was early and thus was able to point out a low risk 10% gain. With CSX I was too late... there was a bounce but it was last week. In fact, at least a week ahead of time, especially with quality stocks that are being heavily shorted, seems to be the time to start paying attention. Actually, being aware of such moves two to three weeks in advance is ideal.---------------------------------
With the solars, SPWR, JASO, SOL, etc... with the exceptions of ESLR and CSIQ which bounced due to their own news, all of these names have shot up from their recent lower Bollinger from last week for very nice gains... culminating with the moves today of 6% or more in many so far. SPWR reports tomorrow. As I mentioned my background is in chemistry, not the market, and am still creating my methods. That being said some of the best investors I find have a knowledge of science and/or skills outside of economics. John Mongomery of Bridgeway Mutual funds is such an example. I do not proclaim to be Montgomery, of course, but if I can just learn to incorporate what I observe with what I already know and continue to formulate the system over time maybe I can help myself and everyone involved... with humility of course. Back to non stock work...
"The Yellow Rose Street Beat" is for informational purposes only. It does not give investment advice.
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1 comment:
Trying to trade earnings reports is real good way to lose a lot of money. Take a look at Micros's (MCRS) last earnings report. It was stellar and the stock got creamed. The best way to trade earnings reports is to wait and see if a really good company with good results gets creamed, and then buy on the dip. It always pays to buy a good quality company at the right time.
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