Oh man. Cramer got this one wrong. They bid it up all week long on high volume and now what??? Horrible earnings call, waterfall selloff down 5% in the afterhours session. What a train wreck...Cramer is going to be on television tonight with an apology episode. I wish I had only bought the puts!!! Cramer!!!
Most excellent - I hope INTC earnings and stupid DOW 14,000 puts a lid on this market. I am not bearish, I just have some long-term $$ I want to put to werk! Looks like YHOO is up 3% in aHr and we have CPI tomorrow morning, so who knows..
INTC is still up 4% from last week and 25% year to date. In-line earnings report. People won't get too bent out of shape.
It isn't the in-line ER that is hurting them. They forecasted lower than the street for the current quarter. But I agree. This merely brings them down to a more realistic valuation considering the huge growth this year.
BSC should be trading off 10-15% on this news. 9 cents on the dollar.... The news is out and its not good... How wallstreet can keep ignoring this type of news is BEYOND ME!!!!!