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Thursday, August 13, 2015 1:09:40 PM
You said:
If Q report is bad and if Stewart doesn't convince shareholders to stay the course this is going to below .01 very soon.
My advice to all would be to do nothing immediately following the conference call. Let the trend sort itself out over a couple of days to avoid any misdirection from knee jerk reaction to the news, good or bad. While I agree that the intermediate trend is going to be down, there will be plenty of time to jump on the El Cheapo bandwagon when it nears a stop.
Likewise, if there is some spectacularly good news, but unsupported by numbers, expect a flash-in-the-pan rally followed by a fallback to near the present levels until probably March 2016.
So everyone, sit back and cool your jets until at least the 2nd quarter's results have a chance to sort themselves out in the marketplace.
(My trusty Pyrex crystal ball approves this message)
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident. - Arthur Schopenhauer (1788-1860)
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