Sold at 26.25, Although this is huge news; doubled expectations and increased outlook, at these levels its to risky for me. However considering this stock is held by over 99% institutional holders I would not sleep at night if I shorted it. You must be out of your mind if you think your smarter than the institutions. Do not short companies who come out with great news!!! Buyers are not stupid!!
OK I sold...
Thanks for the profits guys!
Doubt it makes it to 28. Looked again and even though it was a good report and good guidance. Sales are FLAT, and DLB is very expensive here. Might even join some of you on the short side here. Going back to 22 now...LOL
Good luck all!