Msg. 45707 of 48237 (This msg. is a reply to
45702 by
teecee)
Jump:
The algorithms that control the computers ate up the bullshit earnings miss and started churning. Combine that with twitter and stay at home moms who have taken to day trading getting a tweet about the bullshit miss and the drop started as news and algorithm based headlines spread through cyber space ... that combined with the trading scum posse's on IHUB churning traders ... resulted in the drop ... totally irrational when you listen to the CC, read their release and just do a simple valuation calc. The miss was known, but Skeeles who was on the high end of the earnings (@ .30) did not want to include the increased costs into his earnings projections (like the $3M in compensation accruals), completely ignored them. That combined with Ron not updating his .20 estimate skewed the consensus number much higher than it should have been. That consensus number was bullshit and cost us a bunch of money because the mindless routinely trade this stock. I mean the volume to take this down was peanuts, with any increase and pause being met with bullshit single 100 blocks.
should be a good day to buy...by my calculus...idc buyback was out of business yesterday ,today and tmmrw....cant imagine why anyone would sell agressively today when we got EXACTLY what we were told.....my guess is a machine driven trade by the so called miss
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