I have spent the afternoon reading the last 50+ posts as everyone is scrambling to figure out why the stock is tanking. I'm sorry if this will sound condescending...but is there anyone out there that does any investing based on disciplined, objective, unbiased analysis? Or do you all, long or short, base your decisions on nothing but hype and hope? SCMR to $300! No! SCMR to $40!
The stock is not down because of the follow on offering. The stock is not down because people are seeing <.01> rather than +.01 (and by the way, as I am an accountant, the +.01 is indeed the number we should be looking at; the deferred comp amortization is just a non-cash, non-economic charge required under GAAP - generally accepted accounting principles).
The stock is simply down because WE THE MARKET had already factored in perfection into the earnings. It is that simple boys and girls. The earnings runup already happened...$100 to $130. Over the last few days we drove the value up in anticipation of +.01. Now that we got it...ho hum...next idea please.
I sold my SCMR today at $128.50 and made a great profit. The company is great. The industry is great. I am not short nor will I ever short a stock. But the reality was, this stock was going to fall. I will be a buyer of this stock again in the very near future. If you held this stock, relax. You'll make money in the long run and this drop will be nothing but a blip on the long term chart. Shorts may have their days once in awhile but will never make anywhere near what the longs will over time. They are paddling upstream without a paddle, or even a boat for that matter.
Let's try a group exercise here...take a deep breath...and relax. And now some advice: I am not some great market guru, but I am rational and keep an objective, clear head. In the market environment today, that is more valuable than anything. I recommend that 90% of the posters on this board give it a try.
that may have been the best post I've ever read. I, unfortunately, bought today thinking that there was no way they could dissapoint or do any thing to jeopardize my investment. I was wrong in the short term. Do I panic and sell? Or do I buy some more cheaper? Well, let's think about it. Great company. Right sector. No worries. Give me your shares people.