bbby opened at 33.50, low of 33 and now at 33.78, rise of 1.75% in anticipation of earnings release after hours.
based on target and lowes, negative guidance from last quarter, it seems unlikely that bbby will beat.
expect it to slide in after hours…expectations are for .52/share
in the past has enjoyed a solid run up prior to earnings and then a rapid sell off, even in the face of positive earnings.
would follow chart, short just before close
4 responses so far ↓
1 admin // Sep 26, 2007 at 1:09 pm
close at 33.84, shorting
2 admin // Sep 26, 2007 at 1:26 pm
boom goes the dynamite
35,20 on higher than expected earnings and buyback
3 admin // Sep 26, 2007 at 1:45 pm
now down to 34.40, major sell off
4 admin // Sep 27, 2007 at 6:47 am
next morning at 33.20
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