Yes exactly, one SOAB #$%$ was tipped by another SOAB insider and started the stampede. Until more of these #$%$s are put at the same place where the Galleon guy is now( federal jail), they will keep doing the same thing again and again. I don't know how so many common guys ( like me) keep deluding themselves thinking they can swim in this shark infested pool!.
I only hope all of this pre-earnings bullish action doesn't turn to be only another pump and dump maneuver by the WS fat cats.
This sounds like a good explanation of the initial AH drop that was later reversed and it is quite possible that guidance is still the uncertain factor for the big players.
Why price fell so much AH?, could it be that someone knows something negative about tomorrow's earning report and is hurrying to exit before it?. In any case it's not a good omen given the fact that most AH players are the big dogs and they know damn well things we little people don't even suspect.
Everything was going fine AH until Chambers opened his big mouth and said he was expecting a slowdown for the next quarter. Beat on EPS, beat on revenues and even beat on guidance, but this conservative sucker had to spill a bucket of cold water and end the party before it even started!.
Don't exaggerate, it came out short on EPS ( profit), but it wasn't that much and the overall revenues were impressing plus the future guidance is also very positive. Bet it won't open below 75 and during the day it will improve at least a little. This is an excellent chance to get on board!.
Yes, I think this was the perfect scam: a lot of good omen before the earnings just to catch a lot of pigeons....and then they hit hard AH.
I also recommend you to subscribe to Bull Market Reports if haven't already done so. They are quite accurate in their earnings estimates for the key companies in each earnings season, it is not a crystal ball of course, but in my case they have sure helped me. To mention just one example: they were right on the spot with SFLY yesterday ( made a 300% kill with 32.50 March call options) and also with PNRA ( also yesterday) and BIDU ( last Monday). Again: sometimes they are plain wrong ( otherwise they would be a crystal ball, as I said), but many times their analysis is quite impressive.
Don't worry, in several of the past good earnings reports this stock had the habit of going down AH only to reverse, i.e., going up, the next day. Just watch the market tomorrow.
Sentiment: Strong Buy
In order to have an idea of the approximate value of Feb 20 calls tomorrow you have to multiply whatever drop in the stock's price times this option's delta and subtract it from its today's last price.
Monster also said there were going to be "fireworks" on this stock's earnings and he was dead wrong ( well, not so much because it truly got burned).
Don't try to convince anyone else because of your failed bet on this gem of a company. Admit it : YOU LOST, THIS COMPANY IS A GOOD INVESTMENT!!.
Sentiment: Strong Buy
First they pumped the stock all the day, specially in the afternoon to entice the highest possible number of suckers, then the big sell off AH. What a bunch of jail belonging crooks!.