Whenever I say earnings trade, understand we are talking about the most speculative trade I will give you. So risk management all the way, be cautious if you decide to go with this.
PRSP to me looks as if it's been under some pretty solid accumulation and for awhile. If my information is correct, they report tomorrow a.m. pre-market. This is what a few people did yesterday with SBIB which is up over 8% from yesterday afternoon's long call.
So I'm saying I like what I see in PRSP, it's your choice if you want to trade it. I will be.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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