Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

Earnings Plays: ONIS and IWOV.. April 17 Contrarian these might surprise to the upside.
Are we looking now to see the RIMM surprise duplicate itself again, its a very strong possibility. But as RIMM closed today in a huge bearish engulfing which meant zip in the final analysis we can't judge these other two by only technical criteria. For sure we can't be buying them and holding, but look for increasing volatility in both of them and a real possibility that they might do well AFTER the report. We should keep that possiblity in mind now. RIMM was shorted from triple digits, 38 was the original price targer and it was taken out and then we thought 24 and after $12 but it seems to have halted and its no wonder. ONIS and IWOV can conceivably do the same thing. Both are off their highs, have a possibility of a relatively good earnings report.

both these stocks were in our Hope Floats Category of possible gainers from the 9th watch list and the 10th. Both have gained. Now IWOV was a short today but ONIS still trying hard.


Interwoven posts gains
April 09, 2001 03:07 PM ET
by Robert Wang
NEW YORK -- As the Nasdaq fell back after a morning climb, the share price of Web content management software maker Interwoven (IWOV: +0.91, 7.88) was up about 12 percent with less than 90 minutes left in the trading session.

At 2:47 p.m. ET, Interwoven was up 89 cents, or 12.65 percent, to $7.85 on slightly below average volume of about 3 million shares.


As of Friday's close, Interwoven had declined about 90 percent from its 52-week high of $68.47.


Jeanette Sing, analyst at Dresdner Kleinwort Wasserstein, said like many other single-digit Internet stocks, Interwoven often sees price swings of 20 percent or more on any given day.


The stock could also be getting a boost from the fact it has yet to lower earnings or revenue guidance unlike competitors Documentum (DCTM: -0.59, 8.53) and Vignette (VIGN: +0.38, 4.25), said Sing, who has an "add" rating on the company.


"I think this company has a very good product," said Sing. "[It has a] very good position in the content management market. They may do better in this kind of difficult IT spending market and prove to be a long-term winner."


Earnings on April 17


The company is expected to report first-quarter earnings of 2 cents a share on April 17, according to First Call/Thomson Financial. Sing said she believes Interwoven will meet the consensus forecast.