Wednesday, January 24, 2007

Earnings Call Roulette

It's that time again, where I throw caution to the wind and make a small earnings call gamble. I'll be betting on black... Silicon Storage (SSTI) at 4.91. This is a small flash memory company that I did very well with long, long ago during the great Nasdaq bubble. On a price to earnings basis, shares aren't all that expensive compared to peers. Then again, the stock has run up quite a ways, so I could end up with a black eye.

In any case, the croupier has spun the wheel, the bet has been placed, and the ball is going round and round. Where will it land?

2 comments:

gaamblor said...

looks like you are also a contrarian indicator for earning release gambling

Brute Force said...

Ha ha. Yes, it does seem that way. Afterhours volume was light, so I can't read much into it. But, I also don't see anything too exciting about the release, so I'll be taking an expected loss some time tomorrow.

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