This is an example of the danger of holding through earnings as
Matt has said many times - in this market it seems that shorting
into earnings is a good play for many stocks even when they appear
to present a good quarter (like BRCM).
Posted by paige386 on 24th of Jul 2008 at 09:17 am
I'd think shorting into earnings would be equally dangerous even
in this environmement. If you wanted to take a short position
before earnings I would use puts, at least you would have a fixed
loss if it should go the wrong way.
WFR - destroyed
Posted by kevmars on 23rd of Jul 2008 at 09:32 pm
This is an example of the danger of holding through earnings as Matt has said many times - in this market it seems that shorting into earnings is a good play for many stocks even when they appear to present a good quarter (like BRCM).
I'd think shorting into earnings
Posted by paige386 on 24th of Jul 2008 at 09:17 am
I'd think shorting into earnings would be equally dangerous even in this environmement. If you wanted to take a short position before earnings I would use puts, at least you would have a fixed loss if it should go the wrong way.
I'd prefer to go long
Posted by unsane on 24th of Jul 2008 at 09:22 am
I'd prefer to go long immediately after earnings if other signs are good. The news fade is rapid.
Destroyed, but news fade had
Posted by unsane on 23rd of Jul 2008 at 11:26 pm
Destroyed, but news fade had it back even within two days. Ditto AAPL more or less. A LOT of money to be made on both of them.
News fade seems like a tradeable strategy to me.