SNPS is still trending down, but we want that. We want SNPS to move as low as possible BEFORE THE REPORT, somewhat like COST, ELBO and MIK, so it moves up very close to and possibly AFTER the report. SNPS could move lower here as it is testing both the 50 and 200 day moving verage (50 to 50.31). MACD is not looking good and is about to drop below the 0 line.
We have until two full days, Monday and Tuesday for SNPS to bottom and then consider a long play through the report. We have no way of knowing if the bottom will come on Monday or trade similarly to MIK, with a climactic selloff on the close of Tuesday. The climactic close at the lows will be better for a call option or small long position through the report. Of course if SNPS does decide to move up on Monday/Tuesday, we will play the "anticipatory upswing" and probably not commit to holding through the report.
SNPS earings expected to be a comfortable $0.37 with a Price/Earnings of 22 and PEG Ratio of 1.08 which is not bad. After tast two earnings reports SNPS soared.
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--May 30, 2002--Synopsys, Inc. (Nasdaq:SNPS - News), today announced it will report results for its second quarter of fiscal 2002 and hold a conference call after the close of the U.S. stock market on Tuesday, June 4, 2002.
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CMVT is dangerous and here we are almost looking for "blind faith" and a move up close to the report with possibly a sell off after the report (like NVDA and MRVL) So we might go long if the nasdaq and CMVT rallies on Monday. CMVT is quite blimpy at 46 times earnings and a PEG of 1.86, but blind sentiment might send this up anyhow.
Comverse Technology Quarterly Call To Review Results For First Quarter Ended April 30, 2002 To Be Held Wednesday, June 5, 2002, 5:30 PM EDT WOODBURY, N.Y.--(BUSINESS WIRE)--May 31, 2002--Comverse Technology, Inc. (NASDAQ: CMVT - News) will be conducting a conference call to review its fiscal 2002 first quarter results (quarter ended April 30, 2002) and outlook on Wednesday, June 5, 2002 at 5:30 PM EDT.
ZQK is rising above the rising 100 day moving average afer dropping from overhead resistance of the rising 20 day moving verage. Another good technical chart of a long term and intermediate term uptrend with a short term downtrend and correction. This is an ideal pattern prior to an earnings report. We might consider ZQK a buy above 23.30 for a possible move to 25.50 or higher.
ZQK is UNDERVALUED (like MIK) and has a PEG ratio of $0.84 with only a 16 p/e ratio. ZQK soared also after the last 2 earnings report. The more it pulls back the better.
HUNTINGTON BEACH, Calif.--(BUSINESS WIRE)--May 31, 2002-- Quiksilver, Inc. (NYSE: ZQK - News) today announced that the Company's conference call to review its fiscal 2002 second quarter financial results will be broadcast live over the Internet on Wednesday, June 5, 2002 at 4:30 p.m. Eastern Time.
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BOBE also a nice company with a PEG of 1.51 and 16 p/e ratio xpecting 32% growth this quarter.. and earnings are a whopping $0.45, just recently raised its guidance from $0.41 to $0.43 to $0.45. BOBE is near its 52 week high of 32.19, but could still move up. Earnings out June 4, giving us some time for either a pullback, or "anticipatory upswing". If a pullback, the chances are GREATER for a move up (a gap like MIK and probably a snap) if the report is good.
Bob Evans Farms, Inc. is engaged in the following two businesses: the ownership and operation of a chain of full-service, family restaurants located in 22 states; and the manufacture and sale of fresh and fully cooked pork products and other complementary food products in 30 states. The Company operates a total of 469 full-service, family restaurants under the Bob Evans Restaurant, Bob Evans Restaurant & General Store and Owens Family Restaurant names. The Company's traditional business in its food products segment is the production and distribution of approximately 40 varieties of fresh, smoked and fully cooked pork sausage and ham products under the brand names of Bob Evans, Owens Country Sausage and Country Creek Farm.
Indeed TARO looks interesting.- 20ema 27.74, 50ema 27.80, yesterday low 27.80. 20 about to cross over the 50ema with a bounce yesterday at the 50. Make or break time. Fundies decent with a 30% projected growth rate and a PE of 20. http://stockcharts.com/def/servlet/SC.web?c=taro,uu[l,a]dacl...
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