Re: [CANSLIM] How does Earnings Release affect short term stock price?

From: michael_niemotka@baxter.com
Subject: Re: [CANSLIM] How does Earnings Release affect short term stock price?
Date: Wed, 30 Apr 2003 14:55:07 -0500

Next Article (by Date): [CANSLIM] Question about MRGE " Bob Hodes"
Previous Article (by Date): Re: [CANSLIM] M rolfh@mindspring.com
Top of Thread: [CANSLIM] How does Earnings Release affect short term stock price? "Chris Jones"
Articles sorted by: [Date] [Author] [Subject]

Chris,

I have seen everything happen, and it always seems to define reason.  I
happen to have bought GRMN a couple of weeks ago, so am happy to see
today's progress, but I have seen other companies announce good earnings
report for the quarter, but because they do not expand the full year
outlook, the stock gets hit.  Or a company could miss the current quarter,
but announce that they will not downgrade full year projections, and the
stock will rise.....

I will be curious to see what other have to say on the matter, and in fact,
there is a website that uses earnings announcements to predict future
performance, I think it is called earningswhispers.com.

Mike


Mike Niemotka , PE
Sr. Principal Engineer
Baxter Healthcare Corporation
Route 120 & Wilson Road
Round Lake, IL 60073
Tel (847) 270-4075
Fax (847) 270-4525
michael_niemotka@baxter.com


                                                                                                                            
                    "Chris Jones"                                                                                           
                    <SwingKid104@attbi.com       To:     CANSLIM <canslim@lists.xmission.com>                               
                    >                            cc:                                                                        
                    Sent by:                     Subject:     [CANSLIM] How does Earnings Release affect short term stock   
                    owner-canslim@lists.xm        price?                                                                    
                    ission.com                                                                                              
                                                                                                                            
                                                                                                                            
                    04/30/2003 12:18 PM                                                                                     
                    Please respond to                                                                                       
                    canslim                                                                                                 
                                                                                                                            
                                                                                                                            




Hi All -

As I watch GRMN gain $3+ on 400% ADV because of an excellent earnings
release, I began to wonder if there is any general trend/rule to this.
When a company releases excellent earnings, (correct me if I'm wrong), it
seems that the stock usually goes up considerably.  What usually happens
after the first big day of earnings?  Does a typical pullback occur?  Or do
institutions suddenly see it as a buying opportunity, because of the great
earnings, and then propel the stock higher?  Is there any general trend (or
examples) of how earnings release may affect the stock price beyond the
first big day?

Thanks!

Chris





- -
- -To subscribe/unsubscribe, email "majordomo@xmission.com"
- -In the email body, write "subscribe canslim" or
- -"unsubscribe canslim".  Do not use quotes in your email.

Go to Jeff Salisbury LWGate Home Page.