Re: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment

From: "Tim Fisher" <Tim@orerockon.com>
Subject: Re: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment
Date: 27 Mar 2002 10:15:20 -0800

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Not buying right before an earnings announcement is part of CANSLIM, however.

At 11:51 AM 3/27/2002 -0600, you wrote:
>Hi Steve,
>
>I don't think it's at all unusual to see fanfare ahead of earnings, so I 
>wouldn't necessarily read anything in to PPDI's press releases. The truth 
>of the matter is that PPDI has many CANSLIM characteristics, but you've 
>purchased ahead of a valid breakout and have to have that additional risk 
>built into your exit strategy. The only minus on PPDI at this moment is an 
>ever so slightly low RS of 69, but this can kick up to >=70 on the 
>slightest move at this point. My inclination if I were in your position 
>would be to let price/volume speak to me for entry/exit and nothing 
>more... *especially* "fear of upcoming news" which is not part of the 
>CANSLIM discipline!
>
>Katherine
>----- Original Message -----
>From: <mailto:stevepdv@yahoo.com>Steve F
>To: <mailto:canslim@lists.xmission.com>canslim@lists.xmission.com
>Sent: Wednesday, March 27, 2002 11:31 AM
>Subject: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment
>
>Recently bought PPDI,
>
>Yesterday they announced that earnings will be
>announced after the close April 17, including a
>webcast, a conference call,  etc. etc.
>
>What is the prevailing wisdom?   Do I hold or get out
>pending the call. They seem to be making a bit of
>unusual noise about this announcement.  The $8.00
>commission with Ameritrade is certainly not a factor.
>
>I am about even as of today.
>
>Steve

Tim Fisher
Ore-ROCK-On Rockhounding Web Site
Owner, Fisher Fisheries, Ltd.
mailto:tim@OreRockOn.com
WWW http://OreRockOn.com


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