PRIM- another holding into earnings disaster
Unreal though to me that the stock goes down almost 9% after a solid report of 29% revenue increase yoy, and guiding for 10.5% EPS increase for 2024, with an 11 PE going forward ! Either way, it just goes to show the gamble of holding into earnings, as my study of around 1000 reports over 2 years in 2014, showed a 50/50 chance of a gain on the session after earnings, and that's in a bull market ! So my whole point of all that was, if a successful trader intra qtr, why take the chance of holding into earnings ever ?
