You said it might be prudent to sell my shares before the earnings report to lock in my 2000$ profit because the report is likely to be negative. Should I wait then?

**You should consider the potential risks before deciding whether to wait.** Here are some factors to weigh: 1. **Earnings Report Outlook**: - The probability of a negative earnings report is a significant factor. If the likelihood is high, waiting could expose you to potential losses. - Anika Therapeutics (ANIK) and Intel (INTC) have extremely high EPS surprises, but their estimated EPS are negative, indicating potential for a negative earnings report. 2. **Market Sentiment and Reactions**: - The "buy the rumor, sell the news" phenomenon suggests that prices often drop after earnings reports, even if they are positive, due to post-earnings disappointment. - Investors may sell their shares after a positive earnings report if the earnings do not meet their expectations. 3. **Impact of Earnings on Stock Price**: - Earnings reports can cause significant volatility in stock prices. Positive earnings can boost prices, while negative earnings can lead to a sharp decline. - The market's reaction to earnings reports can influence major indices, affecting the overall market sentiment. 4. **Your Investment Goals and Risk Tolerance**: - If you are risk-averse and concerned about potential losses, it might be wise to lock in your profits. Waiting could risk losing your gains. - If you believe in the company's long-term prospects and are comfortable with potential short-term volatility, you might choose to hold the shares. **In conclusion, whether to wait or not should align with your investment strategy and risk tolerance.** If you are confident in the company's long-term prospects and can handle potential short-term volatility, waiting might be appropriate. However, if you are seeking to lock in profits and are concerned about the risks, selling before the earnings report might be prudent. Consider these factors carefully and consult with a financial advisor if needed.