Wednesday, October 24, 2007
NFX - Big Miss
Let's hope the nice 3% push up today ahead of earnings gives me enough buffer to get the hell out in the morning without taking it too much in the shorts. I have a 4.19% cushion to deal with the miss that NFX came in with. Revenues were way below estimates and EPS was a miss considering the unrealized non-hedge derivative costs - WTF? What a mess. Needless to say, I am out of this stock in the morning. I have held on way too long and have no technical or (now) fundamental reason to stay with it.
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