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The previous posts had mentioned that the earnings will be out no later than next Friday. Brian had an excellent point about the shorts covering if it breaks 8.75 (this could make things happen sooner, rather than later). I expect, shear speculation on my part, that the earnings will help boost the stock at or near its previous bottem trading range. Remember, this stock was hammered down to 9, held steady for several hours then fell further (in 1 day), an definate oversell, considering the potential of the next 3 qts. Aquistion (spelling ?) expenses are causing the lower than expected earnings, the overall outlook is still positive, and 1 month ago it was at 16, so why should it stay down below 8 ? It may go down, but a hold and wait attitude will still put you on top. |
