To the vast internet audience--
Just from memory, I think we've had a gap each morning following earnings in 1998. It's amazing that people remember the sell-offs much more than the gains.
Feb. 1998 report, we gap up two points and then with a great cc heavy, heavy money comes in and we close up $5 on the day.
April, 1998 report, we gap from $30 to $32-ish and set a new high at $33+ before a big sell-off. I still think the sell-off came because Wisdom Tree dumped tons and tons of shares in its going-out-of-business sale.
July, 1998 report, we gap up a couple points to $36, equaling our previous high before an average sell-off down a few bucks.
October, 1998 report, we gap up about 5%, hold the gains, and move up big in proceeding days.
So from past history, people who don't think that we'll be higher tomorrow am than we close today are wrong.
I wonder if THQ had the ECW license by the April report and if so, whether public release of the info might've held off that big drop?
Marc |
