AI
Monday, May 03, 2004 1:13:16 AM
FARO {chart below} interesting Earnings Play for Friday. Sold off hugely last quarter, possibly more gains on the downside until the report "anticipatory downswing" and maybe an earnings run later in the week. Audible alerts placed as volume is just a bit above average. Some of the examples of plays we have this week and researched beyond "good chart" and "bad chart" http://ir.thomsonfn.com/InvestorRelations/PubNews.aspx?partner=Mzg0TnpFM053PT1QJFkEQUALSTO&produ...
We don't buy now because we think it MIGHT move up, we play the trend carefully up to the actual report day, and prepare a hedge through the report. Earnings plays that are too 'simplified' as "great charts" or "should have blow out earnings" or "bad chart" will end up blowing up the trader. Some example examples of this implosion were the Chinese nets and virtually every tech (ultimately)even the ones up 1 day gaps 'n snaps were hit to support areas.
Careful chart set ups from a few days before the report, through the report and culminating in a possible gap play.
http://biz.yahoo.com/prnews/040428/flw098_1.html
We don't buy now because we think it MIGHT move up, we play the trend carefully up to the actual report day, and prepare a hedge through the report. Earnings plays that are too 'simplified' as "great charts" or "should have blow out earnings" or "bad chart" will end up blowing up the trader. Some example examples of this implosion were the Chinese nets and virtually every tech (ultimately)even the ones up 1 day gaps 'n snaps were hit to support areas.
Careful chart set ups from a few days before the report, through the report and culminating in a possible gap play.
http://biz.yahoo.com/prnews/040428/flw098_1.html
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