Patience....What happened today defies all logic. There can't be any solid foundation for this. There was absolutely no bad news today - on the contrary it was all extremely good.
We beat the analysts estimates by at least 15%, but that doesn't count for anything?
Okay, markets were down overall, but that's not a good enough explanation.
Someone(s) decided that it was a good opportunity to spark a massive selloff.
The only way that any of this can make any sense at all is if we see a rebound back to $12 levels of a few weeks ago. It simply can't be any other way.
Mikey must be either shaking his head right now asking what he's got to do to please the market, or else he's wringing his hands and buying back lots of cheap stock. Maybe both.
- Serge.