ladies and gentlemen...... Some of you might be a little deceived by the share price action yesterday for FIRE....
Its important to understand that when Earnings come out of any single stock.... they can be Good or Bad.... the share price will always do their thing. Why? for many reasons such as investors are well aware of the companies projection numbers..... FIRE hinted at 19m revenues.... they landed 19m$ revenues.
Usually we would experience a Sell the news reaction, no wonder smart investors are playing the upside from the recent lows to this level knowing the projected numbers.
That said, when a company is conservative and on point with their projection this is when the smarter investor takes notice and start to accumulate.
Did FIRE change over-night? no! However they have proved to be accurate with their revenu projection.
Execution, execution, execution is what FIRE is doing.
I speculate today as another indecision day for FIRE investors..... Earnings traders such a Tooshort will be taking their profit and hoping for lower levels to get back in.
Soon we see the true FIRE colors.
Hang tight young padawans we are getting there!