[gbarbs]

On earnings plays - I had a learning experience this week on USU. It broke out, and then pulled back just before earnings announcement. I took the huge volume and breakout to signal an earnings beat, and the pullback an opportunity to get in. So I purchased some to take part. The earnings disappointed and the price dropped. I got out and cut my losses. Then it shook of the report and resumed it's rise. It never broke down through support or the 30 WMA but I sold because of the report. Lesson being to just stick with the charts and rules and shut off the news reports. Bought at 18.67, sold at 15.65, now at 20.78 and looks like the breakout is in tact.