Wednesday, April 14, 2010
UPS Beats
The beat goes on. The blockbuster earnings continue, and UPS is trading up in AH. It is starting to get euphoric. Do you think fund managers will risk underperformance by selling ahead of all these good earnings coming up? You think they want to sell in front of GOOG and BAC earnings tomorrow? I doubt it. They all seem to have the same game plan. Sell after all the good earnings come out at higher prices. I think they will end up trying to squeeze out of the door at the same time and the selloff could be quite sharp.
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1 comment:
But when will it sell off...when?
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