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nelson1234

10/30/20 10:58 AM

#79135 RE: nelson1234 #79080

PBI ended up selling 70%, wish I sold all. So hard on these kind o stocks to figure the reaction to earnings. In pmkt, it shot up to $7.90 after the release. Even near the open it went up to $7.75 ... but after the first fifteen or so, it started crashing...now in the mid fives. I did hear in the conf call that their warehousing expenses were higher than expected and thus it was the legacy biz that actually helped the bottom line rather then the shipping biz. I thought that wasn't good, but not horrible. Anyways...hard to complain. Sold two thirds up 50%, and bought my first little bit back that i sold when it dipped 20%. best.