Sometimes it's really hard to predict the behavior by the earning, when the market is good, the stock can still move up even on a below estimate report, like SEG (well it did hurt on the day it released, but it almost picked up now), but when the market is not, it can repeat the story of today's MSFT, we saw too many such deals, I don't quite believe those who called themselves "PROFESSIONAL", not even knowing how to use num pad, the raise the estimate to attract other investors, and to escape themselves, for the second round of picking at the bottom.
All you got to remember is AOL is losing money, losing decent amount of money. I wouldn't buy if the earning was above estimate, it can jump again. Anyway we will see mid-aug.
Tom |
