I can give you some historical information on how UUU reacts going into earnings. I've been in this stock 15 months, and check its trading log on a daily basis.
This stock tends to run OR stay flat the few weeks before an earnings release. Upon earnings, historically very strong, UUU will react up a few percent and then lose those gains by the end of the day. The next 2 days to a week, the stock stays flat and then tends to run going up almost daily for 2-4 weeks 1-2% at a time. The run ends with a few 6-10% spikes on high volume and then tends to find a base 5-15% under the high.
Other longs can correct me if I'm mistaken or oversimplifying. Trends can change at anytime, but somebody would have to be completely ignorant to think that individual stocks don't display individual idiosyncracies when it comes to their trading patterns.
Thanks...that's some interesting info, especially if it stays true. I'm just hunting around for a new buy point...picked up a few more shares today, the ask at 31.9, with the market price at 32 was too tempting to pass up.
Not trading again today. I got a notice that AMEX is experiencing problems and has shut itself down.
On the typical trading patterns around earnings. You gotta remember that for about 2 years, ending half a year ago, an insider would be selling a lot of stock whenever the stock would be up 10%, after yet another set of awesome earnings. He would stifel any attempt to rally that way. You gotta keep that in mind, when trying to extrapolate any future movements.