Earning play for June 22nd- 26th: BBRY, BKS, CIDM, FINL, LEN, SNX, WGO

There are two ways to speculate during earnings. One would be to simply take positions as if there was no such thing as an earnings release. The position size would be junior (half normal) or even smaller until after the release. It would be of a size that would be manageable risk-wise in the event of a large post-earnings downdraft of, say, 20%-25%. To be conservative, use 33%.

The second method to play earnings season is to hold no positions through earnings. If an issue moves through a potential buy point just after its earnings release, the position can then be played normally. And if price gaps through a potential entrance point, it should be monitored to see if it pulls back or moves sideways subsequent to the gap.

Some of these latter gap plays have turned out well this season amid a sluggish general market over the past two weeks. While volume on the gap day will provide an understanding of the magnitude of demand for the stock, price is what counts.

Context is also crucial to the equation. A strong market trend tends to bail one out if one's entry is not perfect. A soft market with questionable speculative sentiment will penalize the speculator playing breakouts. They won't work most of the time

No.	Ticker	Company	Market Cap	Float Short	Perf Month	Perf Year	Price	Change	Volume	Earnings
1	BBRY	BlackBerry Limited	4.72B	17.32%	-11.87%	-1.98%	8.91	-2.30%	9,601,394	Jun 23/b
2	BKS	Barnes & Noble, Inc.	1.71B	15.23%	20.36%	29.41%	26.84	1.67%	1,560,283	Jun 25/b
3	CIDM	Cinedigm Corp.	69.34M	11.43%	-0.98%	-68.47%	0.90	2.47%	621,082	Jun 24/a
4	FINL	Finish Line Inc.	1.20B	12.08%	2.41%	-11.41%	26.38	-0.08%	958,175	Jun 26/b
5	LEN	Lennar Corp.	9.71B	16.56%	-0.23%	18.61%	48.64	2.81%	4,487,756	Jun 25/b
6	LNN	Lindsay Corporation	952.12M	32.50%	0.35%	-6.66%	80.62	0.47%	321,676	Jun 25/b
7	SNX	SYNNEX Corp.	3.30B	10.29%	0.22%	18.44%	83.53	-0.87%	255,151	Jun 25/a
8	WGO	Winnebago Industries, Inc.	535.10M	21.60%	-10.78%	-15.95%	19.87	0.15%	505,730	Jun 25/b