Of course it is.............what is there to say. For almost a year I have been telling people on this board what a load of crap fundamental analysis is. How you can't "hope" a stock up. How Jordan, the weather, new products, etc. doesn't mean crap to a stock price. I've been fought all the way. Here is another example to prove my point. What happened today has no bearing on what will happen to OO, except for in the real short term. No matter what the spin that is put on todays earnings, the price will still be determined by nothing more than buyer/seller ratio.
I guess that guy with the "reliable source" didn't know what the hell he was talking about (what a surprise).
Maybe giles method "Let's go OO, your time has come," is what I should use to pick my stocks.
Anyway, I still have my Nov 7.5 calls, and will keep them as long as we are above the 12.38 support level. I also have the 8 July 15 calls that I bought yesterday (so much for that $100.00).
Don't be surprised if OO actually closes even or possibly slightly up today, the reation doesn't seem that bad (as of now, I just woke up)
technically speaking. 14.00 is tough resistance to start with, and today's earnings won't help break it, but, they may be viewed as, "the worst is behind us." The big investor in OO will buy (if they do) for next quarter, and the following ones numbers. We will see, and Technical Analysis will guide me all the way (as it has done so far).
BCL |
