IOC is a highly controversial winner (so far)
I am very bearish on its long term future, however it did have surprising
uptrend until now.
This ER will be critical and interesting to watch, and the post-ER momentum will be huge. Prepare for bi-directional with bearish bias. So I have the trading focus on Tuesday.
Don't bet ER though, as a trading rule (my own, if you want to bet, I would
say airforce it) on any highly controversial ones, no matter winner or loser.
So what did this company do in the previous earning reports?
Mar-06 Jun-06 Sep-06 Dec-06
EPS Est -0.15 N/A -0.06 0.03
EPS Actual -0.49 -0.55 -0.25 -0.13
ER out -19c vs. -1c(estimate)
we will see very interesting day tomorrow