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jenna

08/21/03 12:00 PM

#17049 RE: jenna #17048

ELBO, NFLX today might be the day to dump ELBO as earnings are out after the close so enjoy it for day #3 of upside but I wouldn't hold through the report.

NFLX hit a spike high at 29.72 which is still way above our target with 30 the nosebleed and important resistance area, careful but since NFLX doesn't have earnings now (they were great by the way) you might want to leave a bit (25%) of the position long.

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jenna

08/21/03 12:16 PM

#17053 RE: jenna #17048

The Earnings Play Trader Archives

Note that companies that reported well were good for multiple days of upside (NTAP) and the reverse is true for those companies that didn't (HPQ). Others like OVTI and SNPS are prime candidates for the intraday reversal and gap fill HOWEVER these will essentially be shorts in the future.

http://www.marketgems.com/The_Marketgems_Earnings_Play_Trader_Archives.htm
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jenna

08/21/03 1:19 PM

#17055 RE: jenna #17048

PCG intraday breakout 22 was long term resistance. Possible break to 25 (this is how I got the NFLX intraday bulletin 3 days ago!) Looked for a good utility stock this morning to diversify my portfolio and up popped PCG. Like to wait for multi day consolidation on strong charts to break to upside (especially if the consolidation is with NRB (narrow range bars) and after a Wide range bar prior Breakout WRB bar was on 8/12 at the 20 ma.