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  • ninebagger9 ninebagger9 Feb 18, 2012 1:15 PM Flag

    Any technicians out there?

    New to this board, but looking at a 3month chart looks like the stock ran up some 35% from the start of the year pre-earnings and is having a usual selloff. The current level was resistance and appears to be a floor.
    How many companies run up before earnings and selloff when they meet or beat expectations?
    If your stock had a huge run before earnings and you held through it without hedging, I assume you are either greedy or a seriously LONG term investor.
    IMO a lot of the smart money was made pre-earnings, or on delta neutral trades going into earnings(straddles and strangles).
    Short of a preannouncement, I would revisit ACOM a month or so before their next earnings.

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