Was SNCR 40% better?
Wednesday, November 8, 2006 at 07:03PM Not really...but it gives a good lesson.. a reminder of what we do with eps reports.
As it turned out, a heads up on APKT and SNCR together before earnings last night proved to be quite the example . Simply..we believe that the best money management is not holding into these calls.....Isn't just easier to recognize a good report, most importantly one that the market is happy with and go from there. We also don't believe in chasing until the volume/trend tells us enough. Take yesterdays premarket notes on FTEK, BVX. If you chase too early, you might end up on the wrong horse. Back to holding into earnings..... Waking to a 20% drop in APKT or buying SNCR early, say low $11's and watching it go up another 10+%?....which will it be?. Just like TWLL, SNCR was introduced early on the DJJournal...congrats to those that have held through after doing enough DD to realize these are more than short term trading tools. DJIM goal is to find this combination, a quality tradeable company with earnings. Something that attracts and fits, both the trader and longer term investor.
If the trend continues, APKT will go through the same exercise DIVX and to a lesser extent RVBD has gone through. We expect to see APKT back on the DJIM trading block very soon, maybe even tomorrow..lol
