I am long and look forward to earnings, but this is really crazy. Every big invstment firm posts a Buy and strong views on FMCN thi syear, but it drops like a rock faster than the rest of the market other than financials. Why?
seems like a general liquidation of stocks to cover margin calls or just raise cash. not time to be a hero, wait it out till they get so ridiculously low you just have to buy. just like in '03, RIMM was at 8 bucks, too bad I didn't buy it. there will be chances like that after this carnage.
unfortunately it appears to have worked to this point. I hope it goes up twice as fast if possible on a squeeze. Damn, earnings better be good with positive guidance because this is starting to worry me a bit.