EXTR reported the following :
Q2 Sales actual $148.3 million vs expectations of $151.64
Q2 EPS actual 14 cents vs expectations of 15 cents
Guiding Q3 Sales $140 to $155 million mid point $147.5 million vs expectations of $153.88 million
Guiding Q3 EPS 1 cent to 6 cents mid point 3.5 cents vs expectations of 8 cents
Pre market EXTR indicated lower Bid $6.05 ASK $6.60...closed @ $7.04
Conference call starts @ 8 AM.....
BLOG does NOT give buy or sell.
Saleem
Hey Saleem,
ReplyDeleteAdded a small amount of RL @ 155.98.
Stocktrader
Hi Stocktrader,
ReplyDeleteSold EXTR $5.86...
Good luck with RL...
Saleem
Hey Saleem,
ReplyDeleteUgh. It's not working out as planned...it should have been a sell instead of a buy at open.
Stocktrader
Hi Stocktrader,
ReplyDeleteMarket technicals are awful....
Saleem
Hey Saleem,
ReplyDeleteIf we indeed find footing today somehow, I think this will be the bottom. The emotions and price action were fiercely negative this morning--a dump of everything everywhere.
Stocktrader
Hi Stocktrader,
ReplyDeleteTAPE is trying to find a bottom BUT its making lower lows still..not a healthy sign YET....
See how we close.....
Saleem
Hi Stocktrader,
ReplyDeleteBought TWTR $66.41....
Saleem
Hey Saleem,
ReplyDeleteGood luck ahead of earnings. I guess I'd be inclined to buy also. It's too early in the story to have any major institutional sellers.
Stocktrader
Hey Saleem,
ReplyDeleteI'm a little concerned I don't have enough cyclical exposure right now given the bottoming process of the market, but I'm sticking with the strong underlying stories. Surely though, some things like steel and solar have been much oversold.
Stocktrader
Hi Stocktrader,
ReplyDeleteSolar TAPE is baffling...JKS from $37.98 to $25.45.....that is steep fall...
Hard to predict earnings but TWTR could be very interesting.
Saleem