RE: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment

From: "Mona Guarino" <webmaster@design21.com>
Subject: RE: [CANSLIM] PPDI Prevailing Wisdom on Earnings Announcment
Date: Wed, 27 Mar 2002 16:07:55 -0800

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Steve, I didn't remember seeing WON wisdom on this in either HTMMIS or the
24 Lessons book. I went to the AskIBD site and asked "should I buy a stock
ahead of earnings announcements?"

First answer was:

"When a stock goes through its pivot (buy) point, that's the best time to
buy it, regardless of when earnings will be announced. There's always a risk
that a disappointing earnings report will take your stock down. But if a
stock breaks out and you decide to wait, you could be missing out on a solid
gain. Remember, a breakout (crossing the pivot point) on heavy volume
affords a strong probability that the stock will advance. Of course,
earnings announcements are something you should keep an eye on."

BTW, I find www.askibd.com a useful tool for reviewing concepts as well a
quick way to get an answer on canslim details.



> > 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


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