With an earnings report like this, are we staying down today ? Does anyone have a reasonable explanation or is it simply something to shrug off for the moment, given the extraordinary circumstances on the Int'l political scene and unfortunate situation in Japan...? I'd like to think there would be some interest to the stock with earnings, potential and guidance we have received this morning however not sure who would really sell at this moment? I still think if you are along term investor, you will make good money out of this unless you panick and sell the wrong time
It is neither. The declining price this morning has more to do with the declining market in general. Such world conditions right now are making folks and institutions sell just about everything and anything. When the dust clears, hopefully, if the damage is not permanent, fundamentals should eventually take over.
I just bought in - This company looks great I am impressed with earnings. I had sold at the 10 dollar range a while back and just saw the news today. Not sure many shorts will go overnight with this great news. Should trend higher the next few days.