Friday, November 09, 2018 10:51:26 PM
To address your statement, "If Monday's revenues were excellent, this stock wouldn't be deep in red just hours before...", the price action leading up to the earnings report is irrelevant. I've witnessed many $100+ and $1,000+ stocks run-up and run-up prior to earnings where earnings either aligned with the pre-earnings results, or gapped and ran in the opposite direction. It's all psychological.
2018 has been full of earnings results beating the streets expectations; however, future guidance caused them to fall. The same can be said in reverse. Truth is no-one knows how the institutional money, algorithms, and general psychology of investors and traders will react, until the earnings are reported and the conference call is completed. I'd expect some knee-jerking volatility throughout the morning hours. Trade with caution and protect your capital.
Always have a trading plan in place. Avoid the noise on the boards and focus on protecting capital and following your trading plan.
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