Friday, October 29, 2010

Earnings: Power-One Pops, Drops (PWER)

The company reported last night:
Power-One Soars As 3Q Results, 4Q View Smash Estimates
and the stock jumped 20%. As we said in September's "Best in Class: Power-One Poised to Invert Solar Stocks" (PWER):
...Here's the six month chart from BigCharts, note how the earnings gap-ups in both May and August were both filled before the stock resumed the uptrend. Something to remember for the next earnings report.

The difference this time was that the market knew how to play it:

Chart forPower-One Inc. (PWER)