So the moment of truth happens AH on Thursday when they report earnings. Several here are very anxious on the expected good news story. I trust your enthusiasm and upbeat look ahead. You guys have all been watching and studying Aecon a lot longer than myself.
Question for you guys. What's the percentage probability they beat expectations verses the percentage probability they do not beat expectations?
Just thinking ahead if we easily beat and by a good margin, how high can the share price move on Fridays trading? $1, $2 or is even $3 higher possible?
Similarly, if we don't meet or beat expectations, how low can the price pull back? $1, $2 or is $3 even possible?
I added quite a bit of shares over the last 3 months and my avg now is about $18.43. Was just strategizing now about if we easily beat on ER, this thing can easily move up quickly and we have the confirmed uptrend going forward and never look back. Could be the last opportunity to add before ER or even after the ER if we get the knee jerk reaction of a quick pullback followed by the continued uptrend. I have seen this several times already in this stock in my brief study so far.
The future is indeed bright but I am more focused on the opportunity this week with before and after the ER and deciding if I should add prior to Thursday or just wait until Friday to see how the market reacts first?
Thoughts?
Ron