BBOX bounced quickly and is doing well taking out yesterday's high. This folks is a typical reaction of a good earnings report transcending the downside of its fellow tech stocks. We have seen this phenomenon many times when techs struggling in long term trading ranges break out to the upside after a good earnings report. BBOX earns a whopping $0.71 for the quarter (not the year) and also has a p/e of only 17 times earnings and a PEG that is UNDERVALUED at .81. This is what is keeping BBOX up the combination of earnings report/ undervalued that is attracting savvy traders that know quality from just a technical breakout in other stocks which lead to dead ends.
We play the tech sector always "in anticipation" we got the 2 day rally, now we can enjoy either upside in other sectors or shorting that rally. I would not be long stocks here except following health care exceptions.
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