Damn. 17% in aftermarket from $445 to $525. Should've jumped on board, but it was looking kinda scary with their new quality controls. Be greedy when others are fearful, though...
ABT is just festering for no good reason. I'm going to hold it a few more days and then dump it if we don't get Xience news. Sad that it beats expectations, beats guidance and posts strong numbers and still drops. Worse still that it's doing this in the midst of plenty of other pharmas posting bad numbers and it's not able to pick up slack from them.
Still waiting on Amkor news from TSRA... Still have high hopes.
I think I'm going to buy into AAPL for next week's earnings call and go long, perhaps for the trip. We'll see how risky I'm feeling. For now, I'm still down about $100 total. Kinda sucks. (The Coverstor shows the return on my brother's in-and-out movement, so that's why it's showing a positive return.)
Showing posts with label earnings calls. Show all posts
Showing posts with label earnings calls. Show all posts
Thursday, April 17, 2008
Wednesday, April 16, 2008
Feeling the burn...
Definitely a painful few days, as I'm now at a net loss of about $150. Awesome.
The market has just taken a drubbing the past few days. It doesn't help that this is "banks tell us how hard they've fucked up" week, with WaMu and a bunch of others writing down and taking losses like crazy. Add to that GE's performance on Friday and my tech and pharma stocks are eating it just from the halo effect.
Intel posted good numbers which should help, Abbott SHOULD get approval for their coated stents, perhaps this week and they announce pre-market today, in about 2-3 hours, I'd imagine. Hopefully good news; all signs point to yes. If they're anything below expectations, I'm pretty rightly fucked.
Rumor abounds that Tessera won the arbitration with Amkor; they're just discussing awards now. That will be huge for them, so I'm holding both these long for now, basically tapping my cash reserves entirely. Need a bounceback here; it's getting brutal and I'm not even in financials, aerospace/airlines or retail. Ugh.
The market has just taken a drubbing the past few days. It doesn't help that this is "banks tell us how hard they've fucked up" week, with WaMu and a bunch of others writing down and taking losses like crazy. Add to that GE's performance on Friday and my tech and pharma stocks are eating it just from the halo effect.
Intel posted good numbers which should help, Abbott SHOULD get approval for their coated stents, perhaps this week and they announce pre-market today, in about 2-3 hours, I'd imagine. Hopefully good news; all signs point to yes. If they're anything below expectations, I'm pretty rightly fucked.
Rumor abounds that Tessera won the arbitration with Amkor; they're just discussing awards now. That will be huge for them, so I'm holding both these long for now, basically tapping my cash reserves entirely. Need a bounceback here; it's getting brutal and I'm not even in financials, aerospace/airlines or retail. Ugh.
Wednesday, April 2, 2008
Avoided VRTX, in for RIMM's earnings...
I decided to avoid VRTX; there was very little movement on it for the first hour.
RIMM has their earnings announcement at 5pm today but it was hovering in the $119 area. For some reason, I put a limit at 30 @ $118.85, which is unfortunate because it's closer to $118.00 now, but I thought I could capitalize if it dipped and took off again.
I'm expecting it to do well from an earnings perspective and bounce an extra 4-5 points, past $120. If it doesn't, I'll probably exit pretty quickly. Gotta watch out for free-riding, though I did establish the margin account so that wouldn't bother me so much.
We'll see what happens with their earnings and in after hours.
RIMM has their earnings announcement at 5pm today but it was hovering in the $119 area. For some reason, I put a limit at 30 @ $118.85, which is unfortunate because it's closer to $118.00 now, but I thought I could capitalize if it dipped and took off again.
I'm expecting it to do well from an earnings perspective and bounce an extra 4-5 points, past $120. If it doesn't, I'll probably exit pretty quickly. Gotta watch out for free-riding, though I did establish the margin account so that wouldn't bother me so much.
We'll see what happens with their earnings and in after hours.
Thursday, March 27, 2008
Let's play the earnings call game... Buying Redhat (RHT)
Redhat announced that they bested earnings expectations by 7%. Quarterly earnings calls almost always come with a fun shift in the stock price: up for beat expectations, down for missed expectations. Naturally, this is an oversimplification. A stock's last few quarter's performance, it's market capitalization, the amount by which it missed or exceeded and of course, random market entropy all come into play.
But it's typically one of the safer bets you can make.
I'm hoping for a 5-10% bump and I'll roundtrip it if it gets anywhere near to that. After hours pushed +1.27 / 7.24% already, so the most of what we'll see may have already come and I could be buying into a sell off. Or we could see some shorts covered and a nice spike that nets me a small profit.
I'm only buying $1,000 worth, since that's all I have in "liquidity". In fact, I don't even have that; I have $500 in settled funds and another $500 in unsettled, pending funds. (From today's GOOG & AAPL sales.) The Federal Reserve's Regulation T requires me to have the funds settled before I can buy and then sell a new set of securities with the proceeds of an earlier sale.
Example: While I can buy 29 shares of RHT with the proceeds from my GOOG/AAPL sales, I cannot sell the position until the sales have settled, in three days. If I do, it's considered "free-riding" and it's a no-no; two instances locks an account for 90 days. I'm willing to take one instance to get a nice profit in.
I'm also completing a margin application, since you can get around this provision with a margin account.
The other thing I need to watch out for is the pattern day trading rules. If I perform 4 roundtrips (in and out of a position in the same day) within any 5 day period, my account converts to a "pattern day trader" account, which requires a minimum equity amount of $25,000. The punchline? They issue a fucking trading equity call for the difference if you don't have the $25,000. Or they close your account. Woo regulations.
But it's typically one of the safer bets you can make.
I'm hoping for a 5-10% bump and I'll roundtrip it if it gets anywhere near to that. After hours pushed +1.27 / 7.24% already, so the most of what we'll see may have already come and I could be buying into a sell off. Or we could see some shorts covered and a nice spike that nets me a small profit.
I'm only buying $1,000 worth, since that's all I have in "liquidity". In fact, I don't even have that; I have $500 in settled funds and another $500 in unsettled, pending funds. (From today's GOOG & AAPL sales.) The Federal Reserve's Regulation T requires me to have the funds settled before I can buy and then sell a new set of securities with the proceeds of an earlier sale.
Example: While I can buy 29 shares of RHT with the proceeds from my GOOG/AAPL sales, I cannot sell the position until the sales have settled, in three days. If I do, it's considered "free-riding" and it's a no-no; two instances locks an account for 90 days. I'm willing to take one instance to get a nice profit in.
I'm also completing a margin application, since you can get around this provision with a margin account.
The other thing I need to watch out for is the pattern day trading rules. If I perform 4 roundtrips (in and out of a position in the same day) within any 5 day period, my account converts to a "pattern day trader" account, which requires a minimum equity amount of $25,000. The punchline? They issue a fucking trading equity call for the difference if you don't have the $25,000. Or they close your account. Woo regulations.
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