In the long run I think your gonna be right, in the short run, I don't think this is the quarter to bet on. This is a seasonally weak quarter generally and lets face it sales are still showing significant y/y declines as of right now. I do think that will turn positive in the 2nd half of the year, but right now we are in q1. The thing that is changed for me why I decided to sell is I now really feel q1 is generally seasonally weak, hence I don't see it going up if they show a slight loss or slight profit. Maybe I'll be completely wrong, but my gut is telling me get out now so I did. Time will tell. All is just my opinion, and I could always be wrong though.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.