SpyderCall
OP
NinaS
:
They have a lot of negative e press right now that catalyzed the current downtrend. Sentiment is negative. I would assume that it is essential that they beat estimates for this earnings call. They need it. Bad earnings would only perpetuate the downtrend and negative sentiment. I couldn't make a guess on how this company's earnings might play out. I don't follow the industry enough. But from a technical standpoint, the trend is down. And very often, I have seen earnings reports contradict the current trend of price action. But the price action would still stay within the trend. So, I am leaning towards a negative reaction after the earnings call. Like I said, they need really good earnings to nullify all of the negative market sentiment and media narrative. Downside just seems more plausible to me at the moment.
NinaS : what you think about SPR ER tomorrow
NinaS NinaS : is it worth buying
SpyderCall OP NinaS : They have a lot of negative e press right now that catalyzed the current downtrend. Sentiment is negative. I would assume that it is essential that they beat estimates for this earnings call. They need it. Bad earnings would only perpetuate the downtrend and negative sentiment.
I couldn't make a guess on how this company's earnings might play out. I don't follow the industry enough. But from a technical standpoint, the trend is down. And very often, I have seen earnings reports contradict the current trend of price action. But the price action would still stay within the trend. So, I am leaning towards a negative reaction after the earnings call.
Like I said, they need really good earnings to nullify all of the negative market sentiment and media narrative. Downside just seems more plausible to me at the moment.
Mr Trecherous : DEI in full swing