Huge move on XMSR today. Apparently their earnings statement was well received. I bought 225 shares this morning, and rode them up to $13.20, selling them at around noon. Not a huge gain - I wish I had owned those shares since Friday - but enough to cover the cost of some of my broker's commissions from last week.
Playing earnings season is a blast. Find a stock that you think will beat the analysists estimates and watch the fun. I've put my money on WYNN, CSCO and AIG, all reporting earnings this week. I know that AIG will report a great quarter, we had a very quiet summer, huricane wise. Cisco is looking great as well. WYNN is a purely speculative play, Jim Cramer mentioned a report in a local newspaper in Macau that released early numbers from the new Casino's there, and the numbers looked great. Wynn reports tomorrow at 3PM, I plan on selling my shares mid-day on Wednesday.
Cisco reports on Wednesday, and AIG reports on Thursday. I plan on selling both once the prices spike. I've held AIG as a core holding in my portfolio, but I don’t think the stock will see much upward movement for the rest of the year, I'll put that cash to work in a stock more levered towards holiday consumer shopping.
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