What do we expect in terms of earnings in 3 weeks?
Our Roth guy was in at .41. As I stated above there appears to be a reasonable cushion in the Balance Sheet for minor surprises and the pipeline has been normative. In theory, if they had a big hiccup in the development chain, they would need to disclose new guidance. Not saying they would, it would just be the best approach. Summarizing all the tea leaves, there is no big question mark blocking hitting expectations. It should in the .40ish.
Back to the orginal question, if the quarter came in at .20, the stock would drop rapidly to 1.50 to 1.75 and slowly over a period of a month or two start trading again at 2.75 ish. If the hit expectations or exceed expectation, even if they hit .80ish, the stock is still going to go down after the earnings call. The difference is it will stop the decline at the 2.75ish mark.
Thank you. I will be in the Boom-Boom Room at Harrah's all week reading your fortunes and palms.