Wednesday, July 25, 2007

Grant Pridecco (GRP)

Current swing trade GRP is set to report earnings after the market closes today. Normally I would sell any swing trade before earnings are released to limit risk. I am currently calculating the downside risk if I were to hold through earnings. I am expecting GRP to report in line or better than expectations based on previous press releases and business updates from the company. And that the energy sector has been good over the previous few months and this should be reflected in this quarter.

Before the day is done I will post an update on my GRP position and if I will sell or hold before earnings.

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