Replies to post #9126 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[jenna]

ALERT! Earnings play for downside -->LEH ---> A short below 50.20. After checking this out, Looks like we could break eventually to the 45 area. Noticed how LEH upgraded to buy EDS at 50! and there is inquiries looking into LEH much like in MWD so with a medium risk/ and medium reward I would consider shorting LEH below 50.20 for a target first of 48 than 45. We did miss the optimum area for a LEH short, but then we did the same with MWD and gain 5 points or 300% on the puts and that's a fat spare rib. We might not get the trigger until 2:30, or even Monday, but this looks like a continuing short after a bear flag.



...The states have since then formed into teams to pursue the inquiries. New York is leading a probe of Citigroup's (NYSE:C - News) Salomon Smith Barney unit and Morgan Stanley (NYSE:MWD - News). Alabama is examining Lehman Brothers (NYSE:LEH - News) and Utah is probing Goldman Sachs Group <GS.N. New Jersey is investigating Bear Stearns (NYSE:BSC - News).

[jenna]

ACS already had its report.
Earnings Per Share rank is 98,
(EPS) Rating Relative Price Strength only 41 leaving room for upside. Accumulation / Distribution is D+ also leaving room for upside. Sales/Profit Margins and Return of Equity are ranked A. Earnings came out fine, technically challenged but 40 might be the support where ACS might hold.

...One more 5-STAR from is Affiliated Computer Services (NYSE:ACS - News). They provide business-process outsourcing and information-tech outsourcing solutions. They have a substantial portion of revenue from federal-government clients, which provides some steadiness to income streams. The play here is the relative steadiness of business.

ACS Announces Record Revenues, Sales Bookings, Net Income, Cash Flow and EPS (ACS moved up from 36 to 50)

DALLAS, July 30 /PRNewswire-FirstCall/ -- ACS (NYSE: ACS - News), a leading full-service provider of business process and technology outsourcing solutions, announced today record diluted earnings of 49 cents per share for the fourth quarter ended June 30, 2002. This represents an increase of 48% compared to 33 cents per share for the same quarter last fiscal year, and an increase of 32% when adjusting the prior period for elimination of goodwill amortization. Revenues for the fourth quarter ended June 30, 2002 increased 56% to a record $856.8 million, compared to $550.5 million during the same period last fiscal year. Net income for the fourth quarter was a record $68.1 million, an increase of 86% over net income of $36.6 million for the same quarter last year.