Major sell off as soon as the earnings come out. I'll be there with my hands on the cover but the pps will be in the 230 range. Major hair cut to longs for pushing this bloated pig up.
Sentiment: Strong Sell
That's what folks were expecting in the previous earnings release day. The earnings were down (-187%), yet the stock has soared by over 45%.
Earnings mean nothing. The perception of what the company may do in the future is everything.
which is why it will most likely keep rising no matter what the numbers. Liquidity backdrop helps also. Focusing on the numbers is a usleless excercies unless they were to miss sales badly which will not happen. good luck
This stock always sells off 1st and that's where i'll be covering. The last quarter the stock was 225 and sold down to 185 before coming back up. Easy money to be made here whether they beat or not.