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bar1080

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bar1080

Re: VeronicaFox post# 812

Friday, 05/26/2017 3:25:38 PM

Friday, May 26, 2017 3:25:38 PM

Post# of 1380
Seems the inability to read applies even to brainy NYSE traders. Yesterday, premarket, Sears' quarterly figures were released ostensibly showing a huge improvement. In Sears' case that would be a major miracle. So SHLD rocketed 35%

What just about everyone missed was that the improvement was solely the result of SHLD's sale of its Craftsman division for several $hundred million. A non-recurring event, of course, and widely anticipated.

Removing that sale, just about everything else was more bad news. Sears stock peaked around noon but still was up about 8% for the day.

This morning, a day after the report came out, SHLD fell 8%.

Sometimes you just have to read...the whole thing.

______________________________________________________________
Because the Good Life is Just a Pump or Two Away

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