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IBDvalueinvestin (99.64)

Next two weeks will determine the path of this rally,

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March 26, 2009 – Comments (1)

The next 2 weeks is known as warning season ahead of 1st qtr results. These 2 weeks will be a glimpse at how 1st qtr results going. I am going to try and not over leverage myself during this period as in the past I have lost lots of money being over leveraged in this period.

Considering we have had a 25%-30% rally in the markets in the last 3 weeks and that many stocks are up 50% in this period. I would think they would have to beat and forecast higher earnings to be able to rally even more. Its going to be pretty tough to keep this rally going.

1 Comments – Post Your Own

#1) On March 26, 2009 at 11:33 AM, IBDvalueinvestin (99.64) wrote:

An example is GME today, they met estimates , raised higher and still fell. Because shares already rose ahead of the earnings. So its going to be really hard to go higher on earnings.

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