Let me ask you a question. Can you explain what the freak is going on with the stock market? Look at these two companies. They both announced earnings on Tuesday.
Lost $4.20 per share in previous quarter
Projected losses of 3-4 Billion in next quarter.
Stock goes up 47%
Earned $1.96 per share, above projections
Stock goes down by 15%
Company 1 is Wachovia, WB
Company 2 is Precision Castparts, PCP
I own stock in PCP. Naturally I would like to earn money on said stock. Naturally when a company does well, you'd expect the stock price to increase. Instead, it's tanking like theirs no tomorrow.