Ron, this was a misunderstanding. What I mean is that half of the companies are announcing their Annual Results around 4-6 weeks after the end of the year. Maybe 80% of the companies are announcing Year End results -less- than 2 months after the end of their respective Business Year.
It is NOT very common, that a company is waiting 3 MONTHS after the Business Year to announce results. Unfortunatly, I know this practice ONLY from companies, which are not doing very well ... They would love it NOT to announce their Earnings at all.
I am not telling, that ONPT has any suprize, like this. BUT I HATE TO SEE THIS PATTERN of similarity.
Why is it not possible for a company with 150 employees to announce the long-awaited Annual Earnings in a PROPER TIME frame. (Let say 2 months after Year End closing. Why do they need to wait until the 90 days maximum ?) I don't get this.
My friend: Take 10 companies announcing 90 days later, and I guarentee you that MORE than 5 will have bad numbers. What I mean is, that the longer the delay the "unexpected the numbers" are. As mentioned: according to my experience in the past, never a too "good surprize". I hope I am wrong, but this is simply the way, how I feel.
(By the way: no real large blocks yesterday. Just one "bigger" chunk at the end of 7,500 stocks at 1 3/8. But this is not bothering me as such anyway.)
Regards my dear,
Stefan
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