Hindsight is 20/20My knees buckled a bit when i first realized what happened today. i didn't have time to read the news or this forum before open. i thought i was somehow reading charts in USD. lol
I guess we sort of should have seen it coming (but not this bad!). We knew they missed G7500 deliveries. And i even posted a few weeks ago that i couldn't see BT quarter being close to record positive (the first 3 quarters were weak and to meet guidance we needed a stellar 4th).
BUT, what i thought would have happened is 2020 Guidance would have simply made us ignore the missed q4. I DID NOT expect this bad news to come out a month early. (maybe rookie move, i have not been trading as long as many of you).
that being said, i am still optimistic. 2020 Guidance will be better than what we currently think it is after this bombshell was dropped. Also, looking at the past, any time a big drop like this happened before year end results, the stock usually bounced back. I know the past is not a great place to find direction, but i think we will be back to 2.00 range by March. I no longer expect 2.50+, however.