Tuesday, March 6, 2007

AEOS: Bought @ 29.67

I bought American Eagle (AEOS) this afternoon but was reluctant to post, because it is more of a gamble with earnings due out tomorrow morning. I tend to bet on earnings based on past company reports, but it does not always work out for me, ie. Joy Global. I felt terrible when JOYG reported a bad quarter, in fear that somebody bought it because of my post. I have come to the conclusion that when I make a bet on earnings, I will most likely not post the trade (to prevent others from following my moves).

Note: I really like J. Crew (JCG) down here, the company reports next week and I'm looking to get long soon. This is not a recommendation, just my thoughts.

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