Big market moves today, and one of my earnings estimate revision screens showed a couple of strange new hits:
SGY: earning estimate revision 185%, but Zacks (long-term) sell (poor competitive; high debt) but Zacks 2 rating (short-term buy)--short-term play!
PJC: (Piper Jaffray a buy??) earn estimate revision 138% most accurate 983%! but pe 679!
I can't dis a screen with good annualized return (and bought these), but I don't expect they'll hang around long (i.e. hit and run!)
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July 15, 2009
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