There will be no huge movement either way.
Well it is looking like the market disagrees with you. Up in premarket so far. There will be no sell off today regardless. With the price of gas moving back up, the worst is behind CHK
Sentiment: Strong Buy
No one expected the to be a good report. Why do you think the stock has been hammered for months. Bottom line is that is better or at least as good as what was expected. Shorts did not get what they wanted. No huge drop today and I expect some shorts will move on to other stocks.
Every home builder that has reported this month has been crushed including DHI which beat on both the top and bottom line. Hopefully Beezer will be the one to break the trend
Wasn't this quarter supposed to be great? Any company that doesn't have the common sense to warn in advance that they are going to miss so badly is punished badly, Comparing DHI's numbers with PHMs makes one wonder why PHM isnt half the price of DHI.