Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

Exactly..I would NEVER swing a tech stock on the eve of a report as important as AMAT. What happens if the report went bad? Stops have no consequence if the stock opens below the hard stop. Now we are swing though (PNRA, and INTU) are swing shorts. Traders seem intent on being "wholly long" or "wholly short" and give little attention to techno-fundamental realities. AMZN was one of the first myths we broke followed by a lot of overbought blimps. We did go into AMAT with a low priced straddle our policy is NEVER to tell traders to hold bunches of stocks through earnings report. Desperation for a good trade or good call can cloud your perception of the realities. This ill-advised advice can have devastating effects on newbies or those that might not even be at home when the market tanks!

Panera Bread Sinks
Intuit slides; Biogen advances; plus more of today's stocks in the news

Panera Bread (PNRA ) posted 34 cents, vs. 25 cents, fourth-quarter earnings per share on flat system-wide comparable bakery-cafe sales, and a 30% total sales rise. It sees $1.28 to $1.30 2004 earnings per share. S&P reiterates accumulate.