N, Thanks for your report. The company will have a good short term price appreciation based on this report.
If the reports were poor and the outlook dismal I would be worried. So far the companies that I own all beat expectations: ADPT, PHTN,MTSN & ORCL. So there is nothing to do but wait out the current negative attitude.
I would expect a nice rebound by next Friday. All the investors that have exited this market, are now looking around and saying, "what next"? And then some overpaid, over educated, market guru, will restate the obvious, and say something like, "Mah friends, to invest in da market its important to look for companies dat have good growth prospects and have beat estimates last quarter"
CNBC will call him or her a genius and as their favorite question, "What about Greenspan?" And in the dyfunctionaly slow voice of Senator Phil Graham of Texas ( most people could finish a paragraph before Graham got to the verb in the first sentence) the response will be, "Ah don't know bout Greenspan, but I do know value when I see it.Buy tech stocks."
Sorry for the long explanation.
Jerome |
