"anticipatory upswing" WFII one of our long trades up 6.86% don't see much of a gap 'n crap with that one <g> Now tomorrow morning this baby might do a "AMT number" that is American Tower not Applied Materials which we called for "anticipatory upswing" as well but a pullback following the report (CCI also) We make most of gains in the anticipation. Traders SHOULD NOT HOLD STOCKS LONG through reports, they might not have hard stops or might not be instructed correctly (disaster preparedness) and might end up drowning underwater. Watch WFII tomorrow morning our wireless are showing great gains in anticipation, but pull back after the actual report.
WFII (analysed, quantified, qualified and BOUGHT)after RMBS was bought up and dissected (from a subscriber as well)Utilizing our earnings trading methods has become the way we all trade.
Wed Feb 18 14:44:10 2004: odyssey44 - Jenna have you considered WFII? decent chart today and reports tomorrow ab
Wed Feb 18 14:46:20 2004: marketge - Let's check WFII.. Wed Feb 18 14:46:37 2004: marketge - okay.. I see your point Wed Feb 18 14:47:56 2004: marketge - looks like a good choice Wed Feb 18 14:48:09 2004: marketge - Now last earnings report was 10/28 Wed Feb 18 14:48:18 2004: marketge - WFII gapped up and snapped for 3 or 4 sessions.
Wed Feb 18 14:48:33 2004: marketge - now its in a consolidation that looks to break strongly again.. HOWEVER Wed Feb 18 14:48:53 2004: marketge - we have no assurances it will be to upside.. but its looking about to explode Wed Feb 18 14:49:06 2004: marketge - what this could mean is any move will be STRONG.. not a wimpy move Wed Feb 18 14:50:46 2004: marketge - March 15 or March 17.50 might do well (calls) but I still think the February 15 for only $0.45 will be enough for a bounce.. Of course we need and must have puts by Thursday close. I can't stress more how lucky we were to call NTES calls yesterday and feel that we were really oversold and the put position was just too profitable to let it ride..
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