Monday, August 2, 2010

As For the ERJ Trade

Here's the link to the article


I don't know yet which way this is going...

Their revenue dropped 79% VERY BAD

However, they raised guidance-GOOD

They raised it based on a global recovery, so the question is, does the market agree?

As you may know this was an earnings play short from earlier today based on what I saw on the charts as distribution going into earnings.

We'll know tomorrow a.m. and I' quite excited to see what happens.

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