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When an after-hours earnings surprise is about to send a stock careening
into the pits, the brokerage houses merely change the recommendation before
the stock opens for trading. Just do the same thing with your orders <g>.
Seriously, I'm a positiion trader and track earnings release dates
religiously - Yahoo!>quote>research is a good source when crosschecked with
the dates of previous earnings releases. I have a long standing practice of
liquidating positions at least 24 hours prior to earnings release and in
most cases I'm ahead of the game, even when earnings are better than
expected. I would not count on after-hours trading to bail me out of a
surprise as the big funds and brokerage houses will be well ahead of you.
Earl
-----Original Message-----
From: mr_bond@xxxxxx <mr_bond@xxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Tuesday, January 27, 1998 4:05 PM
Subject: Question for stock traders re: up/downgrades
>I am wondering if there are any short term stock traders on this list,
>and if they can answer a question for me. Say an upgrade/downgrade is
>announced after the bell by a major brokerage or good/bad earnings
>reports are released. Exactly how quickly is this news reflected in the
>stocks price in after hours trading. I know that if you wait until the
>morning, the gap opening often erases any profits you might make from
>day trading the stock. But if you can place an order on insta-net right
>after the announcement, is this going to be any better? Or are the
>after hours markets as efficient as the day session markets?
>
>Thanx for your help!
>
>Dave
>
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