Quote from Mecro:
Hehe,
Check this out. NCC reports earnings 1.16 vs .71 expected. Last year's was .81. Thats almost 50% growth.
Stock sells off for a point and a half from the open. Closes up a measly 40 cents. For the past month, the stock has been selling off. It's P/E is only 11.
I kept trying to take it long at first but then just shorted it and let it ride. Leave the fundamentals at the door when it comes to intraday.
Quote from lkh:
18:19 ET Interactive Pictures reports Q1 results; revs down 88.7% (IPIX) 16.30 +1.12: Co reports a Q1 net loss of $0.41 a share vs a yr-ago loss of $0.01; revenues fell 88.7% to $0.72 mln (no estimates available). Security revenues for the qtr were two thousand dollars vs five thousand dollars in the yr-ago, or approx. 2.8% of total sales. IPIX finished the qtr with approx $9 mln in cash reserves.
traders ran this thing up from $2 to 16 because it was supposed to be a security stock. they had $2000 in security sales last quarter.lol
this puppy is going back to single digits.