1) It is almost never good when a company comes out and says that it is going to make its earnings announcement earlier than originally scheduled. See Exhibit A, Gymboree Corporation (ticker: GYMB) http://finance.yahoo.com/q?s=gymb (click the five day chart).
The crazy thing is that the news of the pre-announcement came out on Wednesday morning before the opening bell. One had all day Wednesday to short the stock before the Company announced disaster after the bell that day.
2) In speaking with a housebuilding exec this week, the obvious question came up. If I could, where should I buy real estate today? He said that he only really likes central and northern Florida, specifically Orlando, Tampa and Jacksonville. Paraphrasing the exec, "at least that's the bet I'm making!"
-2outof4
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