R59- PCMI holding into earnings
Fair question. Well let me first state that holding PCMI into earnings for the Mar qtr was slightly less risky than normal, as the company stated 2 1/2 months into the qtr(in the Dec qtr earnings report & CC) that they expected 5% more in revenues than the year ago qtr. However it was still risky, as the company had guided several times before and not come anywhere their guidance. Investors knew this, and that's exactly why the stock acted badly after the initial pop last qtr despite their guidance. Even you stated yesterday morning, that holding into earnings with PCMI was big risk, big reward. So to answer your question, yes mostly I was just in a gambling mood and got lucky.
