This one is tough and I've spent a few hours looking into how Wednesday will turn out and I cannot come to a conclusion.
I see a lot of hesitation in the last few days, possibly in preparation of the earnings reports releasing on Wednesday which are finally being published after the company failed to meet the 15-Day extension on the original due date for the records.
The company claims there were "material weaknesses" in its internal accounting control.
While last year 4th Q reports were %50 higher than the forecast, the following quarters have been a recovery from last years 3B in expenses. We could very likely be seeing the first positive Q results in the last 9 months on Wednesday.
The entry into tomorrow should be interesting, for those wishing to get in on the ride, that entry window will probably be open and closed within the first 15min to an hour of market open.
From there it will really depend on how investors take the reports. If they come out positive we could see a break from this roller coaster.
Potential Entry & Exit ares labeled as blue boxes.
.
I see a lot of hesitation in the last few days, possibly in preparation of the earnings reports releasing on Wednesday which are finally being published after the company failed to meet the 15-Day extension on the original due date for the records.
The company claims there were "material weaknesses" in its internal accounting control.
While last year 4th Q reports were %50 higher than the forecast, the following quarters have been a recovery from last years 3B in expenses. We could very likely be seeing the first positive Q results in the last 9 months on Wednesday.
The entry into tomorrow should be interesting, for those wishing to get in on the ride, that entry window will probably be open and closed within the first 15min to an hour of market open.
From there it will really depend on how investors take the reports. If they come out positive we could see a break from this roller coaster.
Potential Entry & Exit ares labeled as blue boxes.
.
Comment:
Unfortunately news broke out today that SUNE may be seeking a multi-hundred million dollar loan, as investors panic sell, it could be a very bumpy entrance into tomorrows report release.