Zeev's Turnips Patch-No Politics (ZEEV)

[Paul A]

Zeev- just a quick question.. I noticed from time to time you play a stock into earnings?

I never thought to ask you about this but thought it interesting considering you tend to be on the conservative side.. The first time I ever went bust was doing just that- playing earnings reports.. I got so angry after losing on Novel, that I put 2 more earnings plays for the next evening.. Lost 50% of my account so I got even MORE pissed and put the remaining amount on some lousy stock that not only missed the numbers, but reported SEC investigation (back in the days when that really meant something).. I was left with 10% of my account in under 3 days.. 90% whiped out..

Obviously you allocate properly which I didnt do being a newbie back at the time.. but to this day I very very rarely hold a stock into a report. I consider it pure gambling.. Heck- even if they beat expectations or miss it doesnt mean a thing.. The pulse of the market is all that matters and that changes from day to day and is hard to pinpoint and form a plan.