AI
Friday, December 25, 2009 1:17:53 AM
The first filing was published at 11:47 AM
The news that was released at 8:30 AM did not state the impact on EPS. This one sentence was carefully thrown in to end the report on a good note.
This adjustment has no impact on the company’s cash flow or income from operations.
So, your right, the news was out at 8:30, however I doubt many people understood the impact it would have.
Look at the chart and notice the time the selling started. The first sell off came at the open based on the news. The second sell off came after the filings were released. keep in mind this was Christmas eve and many people either did not trade today, or left early.
Just something to consider. I believe over the weekend this will have time to weigh on peoples minds. If the stocks begins to gap down on open, you will most likely see a panic sell off. If the stock opens down on light volume you might be okay.
The news that was released at 8:30 AM did not state the impact on EPS. This one sentence was carefully thrown in to end the report on a good note.
This adjustment has no impact on the company’s cash flow or income from operations.
So, your right, the news was out at 8:30, however I doubt many people understood the impact it would have.
Look at the chart and notice the time the selling started. The first sell off came at the open based on the news. The second sell off came after the filings were released. keep in mind this was Christmas eve and many people either did not trade today, or left early.
Just something to consider. I believe over the weekend this will have time to weigh on peoples minds. If the stocks begins to gap down on open, you will most likely see a panic sell off. If the stock opens down on light volume you might be okay.
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