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Guy,
When I'm getting ready to enter a position, I don't pay any attention
to when earnings are going to come out. My thinking is that's just part of
the normal environment that influences stocks to run in channels. However,
if I have a good profit in a stock and it's close to my target, I have been
know to close the position short of the target just before an earnings
report <G>.
Jim
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From: Guy Gordon <gordon@xxxxxxxxxxx>
To: metastock-list@xxxxxxxxxxxxx; JimGinVA@xxxxxxx
Subject: Channels and Quarterly Reports
Date: Thursday, July 10, 1997 10:47 PM
Jim,
When you trade the channel, do you watch out to avoid trading just
before a company reports quarterly results?
The reason I ask, is that Pairgain Tech (PAIR) was at the top of its
downtrend channel two days ago, and I considered shorting it. I
didn't, partly because it was due to report.
Since they reported poor results, now I wish I *had*. :-(
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