Pre-earnings announcement drift.

Often you see a stock starts rallying even there is no news. In such cases look for earnings due date. A stock will start rallying 2 to 3 weeks before earnings. The phenomenon is known pre-earnings announcement drift.

These are usually stocks will good growth rate i.e. companies where EPS and sales are in double or triple digits. Now if you get into such stocks and a stocks rallies 10 to 20% before earnings date, make sure you book your profits before earnings are released.

Last week there were three such examples.

Aggreko

Aveva group

Autonomy

Obama Condoms - For hard times

You can sell anything in Big Apple....provided you know how do it. This guy is cashing in on Obama....his punch line was "For hard times...."

Slave of Wall Street - Take 2

One way Wall street

Slave of Wall street

Recently I was on holiday in USA. On my tourist tour, I visited Wall Street. This guy was standing outside New York stock exchange and asking people if they could lend him a dollar to buy a politician. Surprisingly people were actually paying him.

This was a perfect example of marketing and human phscyology at display. Now imagine if this guy was a beggar, how many people would have paid him? The way he put his point had an impact.

How you say it or present it is very important. Think about it!!!

Stocks breakout

Some stocks with had a breakout today

PIC - earnings due tomorrow.
RNK - Up 15% post earnings 2 days ago
MEC - earnings due 17 March
FXPO - earnings due March 23
AGK - New contract and Earnings due on 03rd March

New contract for chreming group

LON:CHG - Chemring up 9% on the new of new contract with Kilgore Flare. Volume up 500%
A good buy if the share doesn't gap up or down more than 4% tomorrow.