First we opened the day with two 3C earnings predictions, PFE and PG-both were called correctly by 3C and as these were posted on Sunday, members had a chance to jump in. Furthermore yesterday in an afternoon update, 3C confirmed a member's head's up about an earnings report coming out this morning in ERJ. Members had plenty of time to get short this stock and when it reported this morning, it missed by an overwhelming percentage, I believe 59%! ERJ closed down and confirmed a topping reversal pattern today.
The market was down today as suggested last night, but more on that later. Finally just a few minutes ago, one of our longs, STEC came out with earnings that topped analysts expectations and raised guidance to boot! STEC is up over 7% in after hours trade.
All in all, that makes 20 earnings related plays with 18 being called correctly or a 3C success rate on the notoriously difficult earnings calls of 90% accuracy!
This is an update, more in a little bit.
5 years ago
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