Monday, March 12, 2007

GIGM and AOB

As expected, both positions are up over 3% today as the earnings run culminates.

MVIS is taking a breather after Friday's gains, but I expect it to firm up into the close.

I will likely not be trading today, as it is difficult to manage puke and positions at the same time. I will be holding GIGM, AOB, and MVIS through earnings. Yes, I'm betting the farm that all 3 will have stellar reports.

2 comments:

IIO said...

Great earnings from AOB. I wonder why it is down so much after hours?

Woodshedder said...

I can only figure 2 things:
1. High short interest- sell it down AHs and then start covering/buying on the cheap.
2. And I think some were expecting higher guidance. Thing is, mgmt. has always been conservative, so we know they'll beat. However, it was obviously not guided high enough to cause the shorts to cover. Instead, they smelled blood in the water and pounced on it.