Discussion in 'Trading' started by dsq, Nov 12, 2008.
Cut revenue forecast by $1 billion for the quarter :eek:
Really not a big deal. CSCO did the same and the stock traded higher after selling off in AH. A $1 selloff is around 7%, which isn't substancial in this market anyway. Should the market gap lower it is a good buy.
Not a big deal.... Is that why the stock is off 10% and falling?
Knee jerk reaction. It's only down 7%, actually. Yes, the results are bad but they were anticipated to be that way. CSCO did the same thing. Sold off and then recovered it all the next morning.
I've got a standing order in to buy under $10. Even if the world is ending - why not?
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