Now that's a first
...China's Lenovo Group Ltd , the world's biggest personal computer (PC) maker, said on Thursday its first-quarter net profit rose 64 percent, beating estimates as solid PC sales offset tepid smartphone demand. Beijing-based Lenovo said in a filing that net profit grew to $173 million for the quarter ended June from $105 million in the same period a year earlier.
Never trust these thugs, They announce then sell shares into the frenzy. I buy here however as this is obvious over-reaction!
Wall Street does not tolerate non-performance. GILD hit hard with 8.5% drop yesterday despite its incredibly low p/e. This mgmt doesn't get it!
Why the big sell off?