Wednesday, November 25, 2009
Update on John Deere
So ask yourself, if his estimates had any semblance of fact in them, why is the stock up?
And, if they were only going to make $900 million, and the stock is up on that news, what could bring the stock down?
That my friends, is a perfect example of al "bad news" being priced into a stock.
And it's also another example of Wall Street being on the wrong side of the trade, and the wrong side of fundamentals once again.
John Deere has lowered the bar so much, that you now have guaranteed upside beats.
Which means, the stock goes higher, because that's how Wall Street works!
And once again, before it happens, it was advertised here, before it happens.
Remember this old joke?
Well, now the joke's on Wall Street's shorts.
Because instead of seeing a feather in the *ss, they now see a corn crop.
And they see it in Brazil!
Posted by Palmoni at 11:04 AM