Tuesday, May 18, 2010
Bad week for my stock picks
Bad week on earnings! GME has dropped after industry numbers for April looked bad. I don't see why this is a big deal and I was thinking about switching my SPU position back to GME before GME reports earnings on Thursday, but SPU has baffled me today. They reported a Q1 blow out with plenty of cash on hand and they made it clear that they have an S-1 outstanding only if they can find suitable acquisitions to sustain their growth rate. So why are they down 5 to 6%?. Meanwhile DAAT reported a loss and blamed it on timing, but that seems like a poor excuse.
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