First of all, they beat expectations for EPS after considering their 1-time writedown. Secondly, they beat sales forecasts for the quarter. Finally, they gave an upbeat assessment of long-term prospects, albeit with lowered guidance for the next quarter.
Of course the stock will go up.
The chart pattern looks sort of like a cup with a handle, don't you think? Maybe you should take a drink from it yourself.
listen and listen careful dont dont short this market the powers that be say this market is undervalued ok, and pe ratio are at very low historical levels . so when a company misses and lowers it doesnt matter because the pe ratios are lower so they go higher that simple