Why We Don’t Gamble On Earnings Announcements

"Danno" Sheehy

The chart of Syntel, Inc. (SYNT) below, illustrates perfectly why we do not hold swing trade positions through earnings. We bought SYNT on 01/12 and held it through sideways price action until it finally broke out for good on 02/09 (orange arrow). The stock traded higher ahead of earnings over the next four days. We […]
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"Danno" Sheehy

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