| RenCutypoison said: Anyone still there ? |
I would say wait until their financials, which drop on august 1st. There's a saying in the markets called buy on rumour, sell on news. Basically what this means is that even when there's good news, the market almost never responds appropriately, because then you have a measurable statistic. When there's rumour to go off, the potential for growth is immeasurable. This is what creates spikes.
Given the performance of many companies around news time, I'd say hold off until financials in roughly two weeks. Even with good news, stocks should dip right before financials. I'd be willing to bet on that.
