Who would have ever thought that when McLauchlin reduced 1st quarter guidance during the last earnings conference that RTEC would fall so precipitously? Much of the quarter had already happened at the time of the last (delayed because of Sandy) earnings conference. The market has been kickin it since January when our intrepid RTEC was seriously over bought. Oh my God! why weren't our upside surprises met today? Better get out while the gettin is good. The calls make you high and the puts they make you low. High low, calls puts. calls puts high low calls puts. Everybody's gone surfin, surfin USA....
Sentiment: Sell
Has anyone read the Zacks report?
I got carried away with my Credit Swiss comment. It's more like $60,000,000. Sorry.
I remember RTEC guiding slightly lower for Q1 during last dog and pony show.
There are not very many profitable stocks in strong growth markets with strong balance sheets in strong sales positions which have posted price declines in the 1st quarter like RTEC. I would like to see the reversal take out the high's of early January.
Don't get me wrong, I hope Credit Swiss is able to convert, but if you know the situation you might be a little cautious about Credit Swiss' opinion on RTEC.
Hey, . Credit Swiss might be less than independent on RTEC. Credit Swiss owns $160,000,000 in RTEC convertible notes.