News Focus
News Focus
icon url

Newly2b

10/16/04 8:51 PM

#310663 RE: jra2 #310655

JCOM

Yes, I have an overall profitable position and I'm not intending to let it become an unprofitable position.

My WAG: trying to think like a criminal, I would expect Monday early on they will take it down to 29.65ish or even 29.25ish to hit all the stops they can and shake out whomever they can, while scaring the bejeebers out of the rest of us, then a reversal and mild walk up into the close, a good report, and then . . . well, we'll just have to wait and see what comes next!

If price rises above $34ish (previous high) prior to close, I'll sell half if not more of my shares, but I don't expect that to happen. If price falls below 29 (a fair amount below the previous low) I will sell all, but I'm not expecting that, either. In any event, I doubt I will hold the entire position into earnings, but I'll have to see how Monday goes before I decide exactly when and where to take some profit off the table.

I am admittedly biased towards expecting a good report, but have no fundamental reason for that other than the recent action on the chart. How the market would react to a good report is pure guesswork but the action Monday should give some clues. If, OTOH, the report is bad, the action will probably take me out prior to close. Someone always knows.

Sorry I couldn't be more helpful, but thanks for asking.

Newly
icon url

beartooth

10/16/04 11:38 PM

#310682 RE: jra2 #310655

i waited all day on friday for JCOM to dive down to 29.34.
alittle after 3 it tucked below 30 and i waited but it was stubborn so I ended up with a small position @ 30. 29 was a previous breakout area (on weekly) and it paid handsomely. the yahoo #s are interesting - trailing and forward pe of 19, profit and operating margins +40, earnings growth +150 and very little debt. the float is only 19mill and as of early sept there was a 22% short position. of all the other opportunities out there i do not understand the shorts on this one. maybe we can pick some up in the low 29s on mon. before the release. there was healthy accum. in sept. and quite a ride from 25 to 34. I thot for sure they would bring it back to 29 before earnings.
friday was wonderful in sbux, alvr and key.