Replies to post #69074 on Savvy Trades and Investments

[wadegarret]

rado- Yes, I rarely hold into earnings

However I felt after the T-mobile deal, and after hearing that SMSI bought out one of their competitors, that at $5.70 or less, it was worth the risk holding into earnings. Turns out I was lucky, and was wrong to have done it. Why do I say ? Because had SMSI had a bad report, it would have tanked 20%+, while it only went up 5% after hours on a strong report and guidance. In other words I could have bought it all night for around $5.85, and paid 5% over the close, while a bad report would have cost me 20%+.