Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment
Date: Wed, 27 Mar 2002 14:24:17 -0600
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This is a multi-part message in MIME format. - ------=_NextPart_000_0076_01C1D59B.13D41D80 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Patrick...I was completely with you until you mentioned CMTN....could it = be that slide was coincident with the market top? I'd have to look back = at a chart, but I think it was well into a blow-off top at the time and = probably had very little to do with an earnings announcement or anything = else! Katherine ----- Original Message -----=20 From: Patrick Wahl=20 To: canslim@lists.xmission.com=20 Sent: Wednesday, March 27, 2002 2:19 PM Subject: Re: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment Buying ahead of earnings was discussed sometime last year, I think. = It is not=20 discussed anywhere that I know of by WON, but it does make sense that = you don't=20 make a new commitment to a stock only a few days before an earnings=20 announcement. Almost certainly you will have only a small gain if you = are just into=20 a stock and earnings can really thrash the smaller Canslim type stock, = so I think you=20 are taking on more risk when you buy too close to an earnings release. = As far as=20 institutions soaking up a stock, fine, but if you are trying to keep = losses manageable,=20 you may be out on a short term hit before the stock can stabilize. = If you have held=20 a stock for a while and have a gain, you an afford to sit through the = earnings and=20 hope it's a favorable surprise or at least status quo. I'm even a little suspicious of a stock that breaks out just ahead of = the earnings=20 release, seems to have a bit of the speculative flavor to it and be = prone to failing. =20 Anecdotally speaking, Copper Mountain hit its all time high about two = days before=20 an earnings release, and then it was all down hill from there, about = 100 dollars=20 down. I remember because I was very tempted to jump in, but = fortunately=20 something held me back, I think it was a little fear about buying = ahead of the=20 earnings release. On 27 Mar 2002 at 13:39, Katherine Malm wrote: > Tim, >=20 > See what you mean. The Bear has certainly bred a > short-term-smoke-em-while-you've-got-em mentality into the market. > Still think that the majority of institutional monies are committed = to > longer term views, so ultimately a strong stock will overcome that > short term profit taking as institutions soak up the pullback.=20 >=20 > Katherine > ----- Original Message -----=20 > From: Tim Fisher=20 > To: canslim@lists.xmission.com=20 > Sent: Wednesday, March 27, 2002 1:26 PM > Subject: Re: [CANSLIM] PPDI Prevailing Wisdom on Earnings = Announcment >=20 >=20 > Nope, you didn't. It's a part of MY CANSLIM approach, has been = discussed B4=20 > on this list, I forget where it was first referenced, assumed it = was=20 > HTMMIS, but was obviously mistaken. Maybe was from HGS. Anyway too = many=20 > short termers buy 2-3 wks B4 and sell the second after the = announcement. >=20 > At 01:03 PM 3/27/2002 -0600, you wrote: > >Tim, I didn't see this mentioned in the 'buy rules', did I = overlook it? > > > >Gene > >Not buying right before an earnings announcement is part of = CANSLIM, however. >=20 > Tim Fisher > Ore-ROCK-On Rockhounding Web Site > Owner, Fisher Fisheries, Ltd. > mailto:tim@OreRockOn.com > WWW http://OreRockOn.com >=20 >=20 > - > -To subscribe/unsubscribe, email "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. >=20 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0076_01C1D59B.13D41D80 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2600.0" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>Patrick...I was completely with you until you mentioned = CMTN....could it be=20 that slide was coincident with the market top? I'd have to look back at = a chart,=20 but I think it was well into a blow-off top at the time and probably had = very=20 little to do with an earnings announcement or anything else!</DIV> <DIV> </DIV> <DIV>Katherine</DIV> <BLOCKQUOTE=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Dpjwahl@attbi.com href=3D"mailto:pjwahl@attbi.com">Patrick = Wahl</A>=20 </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Wednesday, March 27, 2002 = 2:19=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] PPDI = Prevailing=20 Wisdom on Earnings Announcment</DIV> <DIV><BR></DIV>Buying ahead of earnings was discussed sometime last = year, I=20 think. It is not <BR>discussed anywhere that I know of by WON, = but it=20 does make sense that you don't <BR>make a new commitment to a stock = only a few=20 days before an earnings <BR>announcement. Almost certainly you = will have=20 only a small gain if you are just into <BR>a stock and earnings can = really=20 thrash the smaller Canslim type stock, so I think you <BR>are taking = on more=20 risk when you buy too close to an earnings release. As far as=20 <BR>institutions soaking up a stock, fine, but if you are trying to = keep=20 losses manageable, <BR>you may be out on a short term hit before the = stock can=20 stabilize. If you have held <BR>a stock for a while and = have a=20 gain, you an afford to sit through the earnings and <BR>hope it's a = favorable=20 surprise or at least status quo.<BR><BR>I'm even a little suspicious = of a=20 stock that breaks out just ahead of the earnings <BR>release, seems to = have a=20 bit of the speculative flavor to it and be prone to failing. =20 <BR>Anecdotally speaking, Copper Mountain hit its all time high about = two days=20 before <BR>an earnings release, and then it was all down hill from = there,=20 about 100 dollars <BR>down. I remember because I was very = tempted to=20 jump in, but fortunately <BR>something held me back, I think it = was a=20 little fear about buying ahead of the <BR>earnings=20 release.<BR><BR><BR><BR><BR>On 27 Mar 2002 at 13:39, Katherine Malm=20 wrote:<BR><BR>> Tim,<BR>> <BR>> See what you mean. The Bear = has=20 certainly bred a<BR>> short-term-smoke-em-while-you've-got-em = mentality=20 into the market.<BR>> Still think that the majority of = institutional monies=20 are committed to<BR>> longer term views, so ultimately a strong = stock will=20 overcome that<BR>> short term profit taking as institutions soak up = the=20 pullback. <BR>> <BR><BR>> Katherine<BR>> ----- = Original=20 Message ----- <BR>> From: Tim Fisher = <BR>> To:=20 <A = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= =20 <BR>> Sent: Wednesday, March 27, 2002 1:26=20 PM<BR>> Subject: Re: [CANSLIM] PPDI Prevailing Wisdom = on=20 Earnings Announcment<BR>> <BR>> <BR>> Nope, you = didn't.=20 It's a part of MY CANSLIM approach, has been discussed B4 = <BR>> =20 on this list, I forget where it was first referenced, assumed it was=20 <BR>> HTMMIS, but was obviously mistaken. Maybe was = from HGS.=20 Anyway too many <BR>> short termers buy 2-3 wks B4 and = sell the=20 second after the announcement.<BR>> <BR>> At 01:03 = PM=20 3/27/2002 -0600, you wrote:<BR>> >Tim, I didn't see = this=20 mentioned in the 'buy rules', did I overlook it?<BR>> =20 ><BR>> >Gene<BR>> >Not buying = right=20 before an earnings announcement is part of CANSLIM, however.<BR>>=20 <BR>> Tim Fisher<BR>> Ore-ROCK-On = Rockhounding=20 Web Site<BR>> Owner, Fisher Fisheries, = Ltd.<BR>> =20 <A=20 = href=3D"mailto:tim@OreRockOn.com">mailto:tim@OreRockOn.com</A><BR>>&nb= sp; =20 WWW <A href=3D"http://OreRockOn.com">http://OreRockOn.com</A><BR>> = <BR>>=20 <BR>> -<BR>> -To subscribe/unsubscribe, = email=20 "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>>= ; =20 -In the email body, write "subscribe canslim" or<BR>> =20 -"unsubscribe canslim". Do not use quotes in your email.<BR>> = <BR><BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.</BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0076_01C1D59B.13D41D80-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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