looking for P to cave slightly with market pressure, which it has not yet done today.
end of day, looking for a close below 28, which will signal the move down i have been
i believe the article by rocco, (the consummate p pumper who should probably change
his name to rocco pandora) has tempered any real down
movement today, but it could cave end of day, or tomorrow on open.
will be interesting to see if any listener data is released this week.
i don't really think they will want to put out the numbers, and actually
have a feeling they will wait till next week, if they intend to release them.
still, looking for some confirmation with a close below 28, perhaps as low as 27.78
I seriously doubt it is going to go down much at all right in front of the CFO presentation, which is happening tomorrow. Last time the CFO spoke, the stock moved up very strongly. In my view,this was partly due to the fact that he provided really important clarification on how so many of the P advertising customers now have P fully integrated into their procurement platforms; many fold more efficient from the paper-based system with which P sales people had to struggle for so long. I'm looking forward to see more clarifications on this and other matters, and believe we will be seeing significant hints of rev acceleration. In my view, P is in a far better position now to take revs and EPS to a whole higher level.
P behaving pretty much as expected today, with a bit of a run up, but not quite yet toward the 29 and above mark yet. we'll have to see later today what happens, and whether the market is in profit pullback or
continue to drift higher mode.
a note on institutional ownership listed on yahoo at 101%, it is very much looking like who is going
to make the first move to get out.
the question becomes in my mind, will they wait until year end to try and squeeze out a bit more profit
out of the stock, or will some of the longer holders make their move to secure high profits.
dec. numbers could either force that move, or support a bit more drift up, but i have suspected
they will trigger a move to get out shortly afterward.
once we begin to see downgrades, (as with the internet sector at goldman today) to neutral,
the signal will be that some have been selling, and others should begin to follow.
meanwhile, enjoy the ride today, and still suggesting to take profits anywhere above 28.40 at this point.
short side would be above 29.00 in my view.
looking for the beginning of changing trend to heavily down by wed. or thurs., as the market has not
yet run up as much as expected today.
volume light...when it picks up, I'm pretty sure it will bring p down to the 25-26's
What December numbers? If you really care to place money one way or the other, you'd better get a clearer picture on whether they will actually be reporting anything at all before March 2014. Maybe check with IR to get them to explain why Zack's made the statement that: although they wont be reporting these numbers, they will give guidance for this period.