Re: Party down 30% on weak earnings projections...hmmmmmm???
It really did not backfire.
Sending a cautious note early just took some speculative air out of the stock which for my taste was a tad overpriced anyway given the intrinsic risk (what happens if they are successfully attacked by US legislation or intenet hackers? Short-term it would have a big downward effect on the price because it is a) overpriced and b) a lot of its investors could be very fickle). It is a financially sound company with a very, very good perspective for profit growth. Nothing to see here...
Party is a good investing if a shock event is happening to the stock and the stock goes down to 40 or something.
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