If I held through earnings and it reacted well to them, I'd be holding still. Tough racket holding through earnings nowadays, unless you have a nice cushion in the stock going into them.
Well, since we're trading the NYSE openings (here), we generally go flat on earnings days...no sense taking risk, for the most part, right? It's so darn hard to figure out how the stocks are going to react to earnings these days...add fhe stupid forecast, re-calc's ...all that nonsens.... Don
That is true for ADBE. Jan 40 call Analysts:up 11 BUYS 0 Sell Techs:up 6 month chart Earnings reports down: Quarters'05 to quarters'06/down 2005-2006/down Why did I stay through earnings? From the last price behavior spike and techs. Just dumb luck on this one.
I was expecting more today too, but it turned out quite well: only 3 fills (less than average), but +1000 (better than average) Don, you mentioned an MOC strategy a while back; are you thinking of starting a thread on that in January?
to be fair with u and with myself as well, we've been idiots not to buy every freaking stock before report after seeing the major 10-15 companies beating by a mile....it was obvious that a slew of them were gonna beat as well and the odds of making out like a bandit by playing them all on the long side were really good and almost unprecedented. next qt stocks may take a hit on report and a bearish pattern may emerge like back in the summer where doing the exact opposite, that is short every stock ahead of report would have make u a rich man...but yeah it takes balls and persistence.
1 fill short GE for a scratch. "Woulda" made a couple cents but accidentally had TIF set at OPG instead of DAY & it took me a while to figure out why my buy orders to cover were automatically being cancelled LOL. Even worse I accidentally cancelled my remaining OPG orders & missed a short fill on DOW which looked good. Blame it on Monday morning.
I don't know if I'd say they're more difficult, just different. I did good early in the year then played a game of 1 step forward, 1 step back for about 4 months, then took a break. Came back in August with a smaller list, bigger size, paying more attention and results have been good again. This hybrid situation is a whole new ball of wax though. Going to require another round of tweaking I think.