Just wondering what other's thoughts are about todays move upward.....is this good/bad in relation to tomorrow's earnings? (fyi...I know its good if you own the stock). I'm a longtime LONG and actually considered selling today, with the move upward, this may make more sense. I'm considering selling because I'm afraid there is too much "weight/focus" on Fusilev and it will be impossible for SPPI to meet these expectations. With todays move upward pre-announcement, I'm now wondering if SPPI is poised to surprise. Any thoughts?????
I can't see today's action being a bad thing. While no one (except insiders) can fully predict what the earnings will reveal, I would be a lot more uncomfortable if the price action was down. IMO, any/all bad news has already been factored into the share price- which is why it is trading at such a great valuation. Unless earnings/guidance is horrible, I don't see a lot of downside risk and am guessing based on the price action many others are seeing the same thing. If we get better than expected earnings- we may see a major move to the upside as new investors come on board and there is massive short covering. Tomorrow should be very interesting.