Getting dragged down by the crummy FDRY report. Fears that guidance will be lowered due to other firms reporting weakness in the sector. Capital spending never got going in this economic recovery and remained amazingly below growth of sales.
Yeah, I covered my short the other day, but fortunately my long gamma generated some more short deltas. It wouldn't surpise me to see more weakness into earnings next week. Frankly, the company still seems a little too expensive for its growth rate.