I am sticking to my 461-ish kind of low that I discussed the other day. I sure wish people didn't care so freaking much about the name! At 461, it is -1.8 units oversold. -2.0 is 448. There are a lot of bozos that buy in-the-money calls on this one, so let them get flushed and buy for a move back to the mid-500s...
The report was disappointing because it wasn't a big beat. Plus, the guidance was good, but not great. They say that they aren't playing the sand-bag game any longer, but who knows if that is true. If so, they guided and hit and are guiding in line - the stock should be fine.
The bottom-line: If you have to, buy. Better? Find better action - it's just too crowded all the way around...
Comments