If to check the flow of money it took very low volume to drop the PPS 60 points and then the buying started and the volume MA shows the moving average was increasing. In other words, people are buying the stock on the cheap looking for a increase in PPS after the earnings release. Bottom line the drop in PPS today is not an indication of bad earnings. Estimate of future revenue for this year and next is thur the roof !
After its performance yesterday and today, I have little hope for a great upside surprise tomorrow.
More inclined to believe that the private beneficiary's of the low buy in have been dumping big time
because of access to pre-report information. No way to prove of coarse but it would make little difference.
The SEC officials are like most politicians: spout good rhetoric with hands out why looking the other way.