or run the risk of down 20-30%.
shorty take your $$$ and run cause this baby will correct before this day's trading is finished ! ! !Sam
You are absolutely correct. Thanks again for your response yesterday. I don't normally go short just before earnings, but this looked ripe for a big pullback.
Am I right?
PE of 12? P/S < 1, PEG 1.2, P/b < 1 and you think it's too HIGH, YOU'RE the one who's HIGH buddy!!
Tshih, I'm thinking about going short ASH before earnings. Do you know the track record of this company when reporting earnings, i.e. do they usually beat, and what is the stock reaction historically post earnings?Thanks
ASH underperform SP500 for the long run:http://finance.yahoo.com/echarts?s=ASH#chart5:symbol=ash;range=19861124,20091026;compare=^gspc;indicator=ke_it+volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on I have no idea about the short term response to ER. Since the market went so far ahead since early March, any miss will be punished.