Replies to post #812 on The Good Samaritans

[bar1080]

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.