karennma
8,057 posts
msg #86649
- Ignore karennma |
1/20/2010 11:09:43 AM
Here's an example of why PRE-earnings announcements are so difficult to play.
Here's this morning's headline @ 9:14 am
"Ahead of the Bell: Analysts upbeat on IBM's 4Q
Analysts upbeat on IBM's 4th-quarter as results signal improvement in technology spending"
On Wednesday January 20, 2010, 9:14 am EST
NEW YORK (AP) -- IBM Corp.'s strong fourth-quarter results gave analysts more confidence the company has another year of earnings growth ahead of it.
"An ongoing economic recovery along with higher IT budgets should provide a tailwind for IBM's software and hardware segments," Canaccord Adams analyst Peter Misek told clients in a note Wednesday.
He upgraded the stock to "Buy" from "Hold" and raised his price target for share to $150 from $130.
==================================================================================
Sounds optimistic, right?
So what does IBM do this morning????
Gaps DOWN from yesterday's close of $134.++ to $129.++.
Trading on news is not a good "strategy".
|
karennma
8,057 posts
msg #86650
- Ignore karennma |
1/20/2010 11:11:18 AM
oh man!
this board got messed up!
BAD!!
|
dickysofa
63 posts
msg #86665
- Ignore dickysofa |
1/20/2010 2:37:48 PM
What do you mean Karen?
----------------------------QUOTE---------------------------------
karennma
1/20/2010 11:11:18 AM
oh man!
this board got messed up!
BAD!!
----------------------END QUOTE--------------------------------
|
dickysofa
63 posts
msg #86666
- Ignore dickysofa |
1/20/2010 2:38:36 PM
Never mind...
|
karennma
8,057 posts
msg #86672
- Ignore karennma |
1/20/2010 3:16:01 PM
did you see the previous post, before mine .. by machismo ...?
heavens only knows how my post made HIS disappear.
|
machismo
115 posts
msg #86679
- Ignore machismo |
1/20/2010 5:28:15 PM
Hello karennma: I actually have no clue how that post came, I don't even post that often and that is certainly not me posting. I sent email to stockfetcher. Something strange for sure.
|
karennma
8,057 posts
msg #86680
- Ignore karennma |
1/20/2010 5:32:46 PM
machismo:
Here's YOUR post:
machismo
- Ignore machismo 11/11/2009 6:55:26 PM
I don't know if this is already posted in this thread, but
================================================
Your post is THREE months old.
Then all of a sudden, my post is there .... what I posted TODAY.
ROFL!
weird, huh?
:>)
|
machismo
115 posts
msg #86682
- Ignore machismo |
1/20/2010 6:10:35 PM
Well I don't see the error post anymore, and I don't know what happened, maybe the forum software had a glitch. I never posted it to begin with and now I wonder if my account is ok.
|
karennma
8,057 posts
msg #86683
- Ignore karennma |
1/20/2010 6:15:47 PM
machismo:
They fixed it.
Funny.
:>)
|
karennma
8,057 posts
msg #86684
- Ignore karennma |
1/20/2010 6:18:52 PM
Anyway ...
EBAY earnings tomorrow ... and
EBAY is up 7% after-hours.
SBUX (also tomorrow) is up 2.5% after-hours.
|