No just the opposite. Go look at a dozen quarterly earning. When a company has a good quarter the stock usually goes down, when they have a bad quarter the stock usually goes up.
I think the reason for this is that a good report has people questioning if it will continue with better numbers the next quarter.
With a bad report people think they can improve in the next quarter hence they bid the stock up.
There are also shorts at work here. They can cut a stock down very quickly but they can also pay in the long run.
I look for better results this coming week, taking us over $3.00 a share, maybe never to look back at under $3.00. All in my own opinion of course
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