Nobody knows if they beat or not. I think IBM is more significant than GOOG just because they are more of a bellwether for the global economy and corporate spending. I expect them to have a weak quarter because of Europe and the sequester, but you never know.
I won't play into the earnings this time, but you could easily be right.
One thing I've noticed is that these high fliers usually trade extreme on earnings day, in the opposite direction of where the report will take them.
They move up or down hard core, and then it's a reverse.
Usually. Of course, there's no givens here, otherwise everyone would trade.