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LawyerTrader

1,980 Posts.

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22/03/19

02:28

Post #: 37846651
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Originally posted by eshmun ↑

"Anyone know what this might gap to or bounce to lower on bad guidance? "

Just speculation but if the recent price action is related to a leak then maybe some of the bad news is already built-in (assuming it is bad news, which it probably is).

If it's a small down grade to annual guidance but the rest of the release points to a steady ship then I'd say there might be a little downside reaction but that will be quickly clawed back.

The announcement did not have the sound/tone that you would expect if a major incident had happened that was going to effect guidance in any long term way. I'd say if there had been an incident we would have learnt that already.

As I said before I just think they are being cautious on the annual guidance and giving the market plenty of warning and the quarterly should be tracking reasonably well, ie no fatal flaws.

I'd be very suprised if the news was worse than this. Esh

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"If the recent price action is related to a leak then maybe some of the bad news is already built-in (assuming it is bad news, which it probably is)."

Agreed, the news may even be cathartic, so we could see a bit of a bounce once we all know what's going on.

DCN Price at posting: $2.45 Sentiment: Buy Disclosure: Held
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