'CAC' pid='27218' datel Wrote:
'Palm' pid='27217' dateline='<a href="tel:1376526 Wrote:[quote='ArtM72' pid='27213' dateline='1376523423'] Great call. Stock dropped 10% on no news. Methinks those tea leaves you've been reading are getting a little old. [/quote
As opposed to the past when CC was full of details and promises and great possibilities; and the stock still dropped 10%. Face it CCs for most stocks are accompanied by drops because overall they are cut and dry. Even Apple has given in to the fate of the CC. The tea leaves read by people who expect deal announcements and a doubling of the stock price are the leaves which are tainted. What we saw yesterday was fairly normal; the price over the last couple of weeks had gone up in anticipation of some big announcement; not realistic. So when reality hit, the price dropped back down and recovered a little today in an overall down market.
Read what the overall purpose is of a CC; basically to review the previous quarter, give some color on subsequent events and maybe give some forward guidance. Not deal announcements. Then it's up to shareholders and analysts to dig into the CC, financials, MD&A, etc. No tea leaves; a bit of reality.
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In my opinion the pps of this stock is currently about one thing and one thing only...a deal. Fundamentals don't matter, hiring a good leader doesn't matter, and what they say on a conference call doesn't matter (unless it includes the words "we made the deal"
. We hyper-analyze the details of who said what on the cc but none of that caused the drop in pps. I'm not saying those things shouldn't matter, or that they won't eventually matter, but they don't right now. With the stock currently susceptible to short manipulation, and growing expectations (at least partially fueled by "predictions" of those claiming to be in the know) that we are close to deal details, any event that could potentially result in a deal announcement, which doesn't, will have a predictable pps outcome. I think the cc was pretty good but Hession could have disclosed that last week he cured cancer; got rid of the designated hitter; and married Duma's daughter...and the pps would still have tanked. We need a deal.
Sure the stock is subject to "Short Manipulation" but the CCs and essentially any news release is also subject to "Short Manipulation". Time and again the BATTING HELMETS need to be put on as the distorted twisting of any news is applied thru a consistent process of conversion to a firehose of negativity. Doesn't matter how good the news is....the short side of this story is ramped up to lightspeed to squeeze a negative spin to the delivery. Perfectly thrown fast balls come from the mound but each and every time a big gob of Skol ends up on the laces before it gets to the plate. LOW AND OUTSIDE!!! At least here at Shareholders U a concerted effort is being made to keep the news free from SKOL GOBBERS....!!!