I bet on earnings all the time and have seen some crazy, nonsensical stuff, but this is one of the worst ones I can remember. The volume/extent of the price movement is just mind boggling relative to the report.
Yes, the missed on revenue by over 8 million dollars and this was supposed I be a "good" quarter for construction.
It's hard to tell, but did TXI miss top line? Guess we have to wait for CC tomorrow for some guidance.
Seriously though, how can a company that loses millions quarter after quarter and goes further and further into debt be an almost 40 dollar stock? Am I missing something?
It is going to be a beautiful thing watching my boatload of June 14 puts blossom into a boatload of $$$. Thanks JPM!
My only dilemma is... Do I take my profits tomorrow? Or ride this baby down into the 12s.
i would not buy into MS until after the credit downgrades come and pass. combined with the europe mess, the downside risk here simply outweighs the upside potential. there are much safer investments out there.
That's a pretty simplistic way of looking at things. Investing is more about the future than the present. AMZN will still be a major player in 10 years. BBY will be long gone.
Dude, look when I posted. I wrote at 12:05pm that I bought some puts. That was at/near its first peak of the day. Honestly, I don't give a hoot about BBY, except that it has been an easy trade lately. Buy more shares if you want to go broke. I don't care.
i already closed out my trade for a decent profit. bought puts when up 40 cents and sold when up 22 cents.
anyway, don't listen to me. you go ahead and keep on buying the dips. keep telling yourself that bby is a great value play, kinda like rimm. hahahaha.