Hi Tom,
AMATs earnings report was bad enuf to bring the mkt down all by its lonesome. I did go long AGIL and did so based upon two factors. First, many stocks have been so heavily shorted going into earnings that any news deemed "remotely acceptable", gets the shorts running for cover, a play I have been doing for the past two earning seasons. AH action had AGIL moving up from 16 to 16.40 on small volume as the news on DJ wire that came across my desk was a narrower then expected loss. (http://biz.yahoo.com/oo/011114/66779.html Agile edges up after beating Q2 forecasts). I left early, (too early I see, missed their conference call, and more importantly, missed your exceptional commentary today on your site). Small price to pay for such a valuable lesson.
Been running 16 hour days on the p-site, and battling a case of insomnia, was prepared for a slip up. Honored it happened against you. Good call AGIL....
Thanks for the heads up. Will do more DD before I leave a position opened overnight again.
John |
