I knew this puppy was going down today. Like mljs I've had quite a few companies come in above expectations and down they go. I've even had 2 come in 20%+ above expecations and fall 25%, so this piddly little drop is nothing. mljs' right -- sell on good news. That's what the run-up on Wednesday was about - buying on the expectation of the news. Put it this way -- we're up 5/16 over Tuesday's close.
To berneo: the way Staple's behaves, any point is a good entry point, but the sooner the better. I've been in it now for a bit less than 4 months and am up over 30%. YTD it is up over 80% (as reported on CNBC this morning), although other places have it up only 67% YTD (only??). It is the industry leader, in an industry that isn't going away. The only problem I see on the horizon would be a business slowdown, which would hurt. Other than that, come on in, the water's fine.