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Thom,
Thom, you don't have to spend that kind of money to get good
ideas. This list can be a good source. :)
If you want to trade earnings suprises, here's a little
trick:
Purchase the Value Line weekly report. Note `all stocks that
have been given a rating of 2. Get yourself a DTN feed, and
program in the "news" ticker to alert you when news comes out
on theses stocks. If an "earnings suprise" is issued for one
of these stocks, then buy it at the market.
Your chances of getting a short term surge in momentum are good.
In addition, if Value Line then upgrades the stock to " 1 ", many
investors will now step in to buy it and you are in on a nice
trade.
I'm not the only one to think of this. Andrew Goodwin also mentions
this strategy in his book, "Trading Secrets of the Inner Circle".
Walt Downs
CIS Trading
> The main thing that caught my attention with the "tricks of the trade"
> course was that using one of the methods you buy in to a stock being
> affected by earnings reports of upgrades at the open then sell it about
> a half hour into the trading day,hopeing to "scalp" 1-2%...then go off
> to your regular job. Is that realistic? I could play daytrader and keep
> my original line of work. Perhaps the book suggested would cover that
> stratagey at a fraction of the cost. book-$95...course $877.
>
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