The Silly Season in the US!
September 15th, 2006
Earnings announcement US Tech style. I find it amazing everytime I watch the earnings announcement period, the massive jump in share prices that companies experience.
In the last silly season, Apple, Microsoft, Nvidia, Yahoo and Ebay all had dramatic price shifts after their earnings announcements.
Where it gets confusing to a layman like myself is when Google comes out and beats the analysts expectations and their share price goes down. That makes perfect sense doesn’t it? I thought not. Apple came out and announced their earnings and it is less than expectations. Of course, their share price goes straight up.
The announcement which was really odd was Ebay. Ebay anounce… earnings are up. The stock soars! Over the next few days it goes below the price it was at before the earnings announcement. Now it is up nearly 40% from that point. Investors and traders… are you confused?!
For some people ‘The Silly Season’ is their favourite time of year! The potential for profit can be phenomenal and of course it has it’s obvious downfalls.
To all the bears and bulls in the Pit, we would like to hear your earning announcement stories. Or at very least a tale about how you read the market and it did the exact opposite of what you were expecting.
September 21st, 2006 at 12:36 pm
I stay away from silly season. It’s called silly season for a reason
September 21st, 2006 at 12:57 pm
Option Finder: You must the wisest from an unwise bunch. Either that or you’re doing so well at the other times of year you can kick back