The CFO or whoever it was just relieved about 5 percent of irrational exuberance. Its in the open now, expectations will be lowered and the veritcal pressure is relieved. I like it. Lets see, seems to me known weather and seasonality were indicated as the main issues. product and software sales?? What the hell is that, i.e. I could care less. Did he say it would be lower YOY? I don't think so. They'll quote growth YOY for the quarter you know. No body will care about QOQ. You can be sure he was getting the dummy analysts in line.
apple and ibm did the same thing and they ran like raped apes just an fyi. We are a little ahead of ourselves at 88 but 79-83 loks good into the div and ref shutdowns coming in feb-mar and the summer driving season,, what is sad now we have Asia to contend with and crude and service companies can only go up. I hope gasoline doenst break 3.60 for the cheap stuff this summer.
It depends on what your time frame is...this company is very solid, and has all of the work it can take on, and is projecting higher demand through the rest of the year....it raised it's dividend, and is integrating the Smith acquisition with no issues....it will go higher and you will do well but if you are wanting a quick pop I refer you to D-Max's post earlier today in which he says the pps will slide to the $70's, but I caution you that he has not been very accurate in his postings year-to-date, including making a call in early January that Gold will go higher...
Preplexed as well. It hit $88.20 in premarket and then proceeded to drop $4.33 from that level. I didn't like the price action so sold around $85. The only thing I can think of a brokerage house is getting ready to issue a downgrade or perhaps something was said on the conf. call. I still like the company very much but decided to sell to the stock to maximize my gains. I plan to buyback in again after she gets into oversold terrtiory.