Beanie11111: LEXR: Why did i decide to sell it before earnings, especially when i was thinking about holding it?

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Location: USA

The last few years have been great to me, as i was able to clobber the S&P500 many times in returns. But of course, you can't make a living trading the markets if you don't make great great returns. I'll try to give my readers trades that i think will make them money. However, you need to have money management skills, in order not to lose everything on a greedy or stupid trade. I may or may not already be in the trades i recommend. I may or may not trade the stocks i recommend. Due diligence is required on your part and the usual disclaimer that i am not responsible for your losses always apply. I have no affiliations with any broker/dealer and all posts are for educational purposes only. Remember to 'refresh' the home page and the "Comments" pages frequently in order to receive updated posts. Let's rock!

Friday, March 25, 2005

LEXR: Why did i decide to sell it before earnings, especially when i was thinking about holding it?

Later in the afternoon i came to a realization and asked myself the question, "Why did management annouce the $380 million award the day BEFORE earnings and not save it for the day of earnings?" Then i remembered what INCX management did to their investors. So i sold. In retrospect, i am glad i did.

I had the original intention of keeping it thru earnings. I am sorry that some of you had to leave the computer to run errands and did not see my sell message.

6 Comments:

Elliott said...: Hey thanks Beanie. Really appreciate posting on blog first. I'll try and help you out on the message boards as well.; Sat Mar 26, 04:25:00 AM EST
Alan Ji said...: Beanie,

How can I set up to get notifications via Yahoo/MSN IM, when there is any update/post on your blog?

-Alan; Sun Mar 27, 01:24:00 AM EST
beanie11111 said...: Hey traderpro,

I think PACT should have pretty good earnings (they already stated that their revenues were gonna be huge). I don't have the stock right now because it went from the mid $6 to the $10 as a result of the announcement. So, the price could be baked in already. But i am watching PACT on radar. If earnings are awesome enough, it could continue to takeoff.; Sun Mar 27, 12:39:00 PM EST
beanie11111 said...: Alan, that would be neat wouldn't it? But i am not a technowhiz. Haven't the slightest idea, if it is even at all possible. lol.

If you find out how, let me know. thnx.; Sun Mar 27, 12:44:00 PM EST
Elliott said...: I use a program called urly warning to automatically check any changes to websites. It takes a bit to get used to, but after a while, it kicks ass.

http://www.download.com/URLy-Warning/3000-2366_4-10305484.html?tag=lst-0-1

It's the demo version. You can only check 1 website while it's on demo. You need to buy it for about 30 bucks if you want the whole deal.; Sun Mar 27, 03:06:00 PM EST
Alan Ji said...: Elliott, this urly warning program seems to work great except that it only watches for single web pages vs the entire folder/blog.

I was searching on the web and stumbled through this BlogChangeBot thing, which supposedly can watch the entire blog but doesn't seem to be supported anymore...

http://www.neuronwave.com/bcb/

-Alan; Mon Mar 28, 12:45:00 AM EST