ok.
I said the higher the stock runs before earnings, the more it is priced to perfection.
Example.
If a stock is $50 and it moves to $55 before earnings and earnings come out and it should be a $60 stock based on forecasts in the future...its going to move up quickly after earnings. It WAS NOT priced to perfection before the earnings were released.
If a stock is $50 and it moves to $75 going into earnings....and earnings says based on forecasts it should be $73...its going to sell off hard. IT WAS priced to perfection, meaning it had to crush every metric to make its $75 value a true reflection of worth.
If DECK is a $100 stock and we are sitting at $88...then its going to run...if its a $100 stock and we are at $100...then it CANT MISS ANY metric, or it sells of hard.