StockFetcher Forums · General Discussion · EARNINGS PLAYS<< 1 ... 2 3 4 5 6 ... 10 >>Post Follow-up
karennma
6,827 posts
msg #82322
Ignore karennma
modified
11/3/2009 9:58:07 AM

Kevin:
Take a look at some possible inverse ETF trades.
I've started an ETF thread.
I think we're "done" with this bull market.
If you check the charts .... it's been over for 2 weeks.
FAS topped when GS topped. (10-14-09)
It's a done deal, IMHO.
Game over!


karennma
6,827 posts
msg #82330
Ignore karennma
11/3/2009 11:54:48 AM

GLAD I DIDN'T play MA.

"NEW YORK (Reuters) - MasterCard Inc (NYSE:MA - News) reported higher-than-expected quarterly earnings on Tuesday as the world's second-largest credit card network raised fees to banks and cut expenses, while consumers used their debit cards more.

"I believe the worst is behind us and there are certainly some encouraging signs in the recent economic data," Chief Executive Robert Selander said in a conference call with analysts.

MasterCard's third-quarter net income was $452 million, or $3.45 per share, compared with a loss of $194 million, or $1.48 per share, a year earlier.

Excluding special items, the credit card network posted earnings per share of $3.48, beating analysts' forecast of $2.94, according to Thomson Reuters I/B/E/S."
================================================================================================

Sounds great, right?
Then why is MA DOWN $10????


chetron
2,817 posts
msg #82331
Ignore chetron
11/3/2009 12:16:24 PM

SELL INTO GOOD NEWS, BUY INTO BAD NEWS.......

karennma
6,827 posts
msg #82332
Ignore karennma
11/3/2009 12:19:53 PM

Chetron:
Yeah, I KNOW the cliche', but it doesn't always apply ... look at GNW .. still up after earnings.
"V" (VISA) also still up after earnings.


Kevin_in_GA
4,542 posts
msg #82333
Ignore Kevin_in_GA
modified
11/3/2009 12:26:37 PM

Chetron:
Yeah, I KNOW the cliche', but it doesn't always apply ... look at GNW .. still up after earnings.
"V" (VISA) also still up after earnings.

+++++++++++++++++

Still true for GNW - you got the threat from standard & poors to downgrade early last week, about three or foru days before earnings, which brought the stock below $9. Earnings pushed it back above $11. Right now it is still staying strong at 10.50, and might even break above 11 before week's end.

Kevin_in_GA
4,542 posts
msg #82355
Ignore Kevin_in_GA
11/3/2009 4:29:58 PM

STEC

STEC Announces Third Quarter 2009 Results
Revenue and EPS Exceed Previously-Provided Guidance

SANTA ANA, Calif., Nov. 3, 2009 (GLOBE NEWSWIRE) -- STEC, Inc. (Nasdaq:STEC - News) announced today its financial results for the third quarter ended September 30, 2009. Revenue for the third quarter of 2009 was $98.3 million, an increase of 54.3% from $63.7 million for the third quarter of 2008, and an increase of 13.8% from $86.4 million for the second quarter of 2009. GAAP gross profit margin was 49.7% for the third quarter of 2009, compared to 32.1% for the third quarter of 2008 and 50.0% for the second quarter of 2009. GAAP diluted earnings per share from continuing operations was $0.47 for the third quarter of 2009, compared to $0.02 for the third quarter of 2008, and $0.38 for the second quarter of 2009.

Non-GAAP gross profit margin was 49.8% for the third quarter of 2009, compared to 34.1% for the third quarter of 2008 and 50.1% for second quarter of 2009. Non-GAAP diluted earnings per share from continuing operations was $0.50 for the third quarter of 2009, compared to $0.10 for the third quarter of 2008, and $0.42 for the second quarter of 2009.

Stock has dropped like a stone - down 21% within 10 minutes of this announcement, after running up 7% during the day.

Why? To me, this looks like GOOD news, not bad.


I am considering buying calls tomorrow on this - it just makes no sense that this stock keeps getting beaten down.


johnpaulca
11,293 posts
msg #82358
Ignore johnpaulca
11/3/2009 4:55:39 PM

Since when did the stock market became rational, play what you see....good luck.

karennma
6,827 posts
msg #82418
Ignore karennma
modified
11/4/2009 10:40:41 AM

Exactly!
The market isn't "rational".
I'm just discovering on the options plays, you're not gonna make any money unless you play 'em 4-5 days PRIOR to the earnings call. I had originally said 2 days, but 2 days is NOT enough.
For example, ALL (Allstate) has their call after the close today.
If you're playing the options, to get the greatest "bang" for your buck, you'd have to buy ALL on the dip, which was 10-28-09 @ $29.50. The $30 calls were 0.85.
Or you could've gotten them 2 days ago for 0.75 if you were lucky enough to "catch" that low.
But even the option prices are IRRATIONAL, so .. WTF!
I'm certainly not gonna pay $1.45 for them today.
Ridiculous!



karennma
6,827 posts
msg #82419
Ignore karennma
11/4/2009 10:50:18 AM

Kevin:
Re: STEC
If it's not a fast moving stock, you'd be wasting your money.
JMHO.


johnpaulca
11,293 posts
msg #82425
Ignore johnpaulca
11/4/2009 11:38:29 AM

STEC....getting hammered

StockFetcher Forums · General Discussion · EARNINGS PLAYS<< 1 ... 2 3 4 5 6 ... 10 >>Post Follow-up

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