You may be premature about gloating over a pull-back.....however, i do agree with some of the points that you have made over the last few weeks.
There is no way that the CEO is going to come out and say that they are comfortable with estimates for this quarter, if he is not positve that they will make the estimate......well, at least not this CEO. Beyond that, i agree, things may be sketchy dependy on the psych of the market, and we all know, that its not logical.
I would venture to say that they will make the estimates for this quarter....and that will definitely cause an appreciation in the stock price, however, i am not will to predict where the bottom will be before the pre earnings run up......it could be lower than we are now...and the "run-up" may not even take us to where we were a month ago........no facts, just an opinion.....but make no mistake....
this is not a good short at this point....like steve says....
take a cheap PUT to limit your exposure...but whoever is willing to short at these levels is defiintely a gambler......and i know, you never mentioned a short....so this isnt directed at you.
just an opinion
RichieH |
