its all a flim flam. i have realized u can only play companies that trade after hours with high volume. i.e. fslr, wfc, aapl, csco, and so on. thus the gapping thing dos not come into play. let the news hit and watch the price action.
It's not just about the number, it's the story with the number: (http://www.thestreet.com/_yahoo/sto...tdown.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA) What the future holds is ALWAYS more important than what happened in the past.
Expecting a stock to beat, raise, and get upgraded and then gap up and run up seems like more of a strategy suited to a bull market, unless there is specific information you have to think that even in a bear market you have an edge in buying pre earnings. Hopefully that information is legal.
cash only is right, u need to hit all three: eps revs outlook if u miss outlook, expect 10% drop. if u miss revs or eps, easily can drop 5%. but if u miss revs, but eps and outlook are up, stock can go up also. i say it is a flim flam because the CEO can say whatever he likes. now u might say why would he guide down? well, they are in it for teh long hall, so when they then guide low, or sandbag, it makes their job easier, and makes them look like heros in future quarters.
anything is possible, but that's about all I'm looking to get out of snda. you should definitely get out on tomorrow's opening.