Well, I don't consider ERTS overbought. Third day in a row it is trading in the red, against the grain. Must be investors with cold feet. Maybe you should put on some socks.
Unfortunate that we didn't get a run up to earnings. Exact same thing happened in February, a sell off three days prior to earnings then a massive upswing after earnings report. Sold down to a ridiculous $15 with an analyst re-iterating a $12 target the day prior to earnings then up to $18 then $23. I guess history is repeating itself. I just find it really hard to believe that people are expecting a poor earnings report/forecast and selling into it today. I guess the computers are having a glitch. Got to love your attitude brad. Still haven't stated your position though... just a subtle basher sitting on the sidelines not making any tough decisions? You just starting out making imaginary trades? That's cute.