GREY:ISYRF - Post by User
Comment by
esprit1on Nov 04, 2016 1:31pm
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Post# 25425765
RE:RE:Good move for today, setting the base for $7
RE:RE:Good move for today, setting the base for $7
Some here commenting on old hands selling but I cant see how that makes sense. If you are an old hand you have been waiting for this Q. In my mind (as a holder since 2003) this was an absolutely critical quarter. Tracy mentioned in the last CC that the last Q had some revenues that came in early. Those revenues were expected this Q. So my anticipation was that we might see a shortfall on the revenue side and a negative EPS this quarter. But we didn't, we instead got 20% YOY growth, and positive EPS. On top of that a great release on new revenues. And in the CC Tracy was what I would term ebulliant - compared to his usual reserved manner - regarding the next Q and future of the company. So this Q validated the last 3 in my opinion. So if you are a long term holder who has held through the last few years, why on earth would you bail out now? If this Q was a miss, that would make sense, but it was a solid quarter. If you are a new shareholder who bought in at 2.00 - 2-.60 in the last week, what might you have been expecting, that would cause you to bail out at the open? Again the solid Q and very positive outlook would indicate a hold at least. One could argue that ITC's future has never looked as solid. At any rate we have rallyed back on some decent volume that has offset the early dump.