23-Nov-09
JACK PETM Pre-Earnings
Watching PETM and JACK today for some mid morning pullback: JACK 19, PETM 25.50
November 16 at 6:32am ·
Edit: Looking for pre-earnings speculation 2%. Never traded either.
PETM was due to report earnings on NOV 18. I thought it would rise pre-earnings because it had raised Q3, Q4 earnings estimates in October and the bulls are running out of options to play. NOV 13 had been upgraded by Goldman Sach's and rose 4% overnight so I wanted to wait for some pullback.JACK was due to report earnings on NOV 19. It had been beaten down 30% since June. Carl's Jr had reported lowered sales so this was a pure valuation trade.
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