that time management cannot provide any guidance (TER is in its quiet period). Since the last guidance was not that positive (at least according to ABN Amro) so we may have a long wait ahead of us for a surge in the stock price. I am afraid that the stock will continue to deteriorate until the earnings come out.
I think that the earnings will be fine and the stock will rally nicely. But it's going to be a slow, grinding decline until July 18, IMHO.
If the stock must fall then let it fall. It's futile to try to support or pump it up. The shorts are having a field day with these high openings and lower closings.
It's better that this stock opens lower--as low as possible so the shorts can start out the day at the lows, where profitting is least likely by the end of the day.
So stop making positive comments about this company or the stock. It only gives the shorts better positioning from a higher opening price to short.
No more upgrades, or super recommendations from goldman or anybody else. Rs ratings, capacity tightness, or any other positives.
That just makes the stock more vulnerable to bad news when it arrives.
Like Cramer says--the only way to stop the bear raids is to allow the stock to reach compelling valuation levels, where it becomes immune to bad news.
When YHOO was a young company, the stock always opened down. And after all the shorts were finished shorting, the stock would run up by the end of the day. Shorts would be bleeding red all the way home.
That is the most intelligant post I've seen in weeks! Your absolutely correct. All that is necessary to post gains in these hostile market conditions is to do your research, and let the chips fall where they may. Too much hype draws skepticism and ultimately causes unwarranted volatility.