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Apollo Education Group, Inc. Message Board

  • mvhs65 mvhs65 Mar 31, 2009 10:14 AM Flag

    It's not APOL's earnings that matter...

    it's the street's reaction to the earnings.

    The stock has been bid up from $65 to over $80 here in 2 weeks! This is the truth, look at the chart!

    This usually means that we can expect heavy profit taking, no matter what the numbers are.

    Just IMHO.

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    • Either this is a head fake and they will get a blow out earnings, or there is something really rotten in Denmark.

    • Doesn't the chart also show that it fell from $89 to $65 before this recent move to the upside? It's irresponsible to say that there will be profit taking just because of a nice 2 week run.

      The truth is that a host of negative articles over the first two months of the year pointing out issues that have been present in the stock since 2003 drove the stock down for little reason and a combination of 3 things have driven the stock price up over the last 2 weeks: 1)broad market rally 2)latest short research from Off Wall Street was actually a misunderstanding of Department of Education data which made a lot of the short storytellers look stupid and 3)a buildup of expectations due to expected good earnings.

    • this profit taking, how often tends to occur before the close of earnings, and how often the day after?

      • 1 Reply to guido_arnone
      • Now the volume is increasing and the PPS is falling, and the broader market went higher.

        It's all interesting that other competitors in the space are red, although it's mixed.

        The weekly longer term chart is bullish, but the near term daily chart has turned bearish. The weekly lags the daily, so we'll see.

        But I agree with you, playing the earnings move can be a dangerous game, but it's also a high risk potentially high reward venture.

        Let's check back later here and see where we're at.

 
APOL
27.76-0.65(-2.29%)Apr 23 4:00 PMEDT

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