Wednesday, January 21, 2015

Knee Jerk Reactions

I'll get to the Sandisk earnings call this evening but for posterity I wanted to preserve this snapshot because it speaks volumes about members of the financial media.  

First, the news flow from Yahoo Finance:

The headline from The Street is absolutely priceless. 

Next, the after hours quote on the stock:

Yes, this was all on the same page. 

When Sandisk pre-announced a disappointing quarter a few weeks ago the stock got hammered.  Today the final tally was disclosed and even though they lowered the bar they still tripped over it.  

1 comment:

  1. Anonymous10:06 PM

    When a firm wants to be "first" with the news, "things" happen. There is plenty of time to sort through the mess and make a factual statement. The full trading day is hours away, and unless you want "let me out now" after hours can be messy. Adding gasoline to the fire is a retail habit many are guilty of.