Oh, the power of earnings conference calls.
I learned a big lesson today kids. The Powerwave conference call was at 5 p.m. and the stock dropped in aftermarket trading.
Oh, shitobeezeee!!!! That's what I thought to myself. I figured I was gonna take a 10-15% loss on this stock when I bought it last week and it kept dropping, dropping, dropping.....
I tuned into the conference call via the Internet, and much to my surprise as the CEO and CFO were talking the after-market price started to go up. Hmmm....
I have never traded after-market and after reading about 15 disclaimers, I jumped on the PWAV gravey train and sold my lot at 11.90. Not bad. Actually made a tiny bit of money. Tiny. Still, that's better than suffering a loss.
Keeps the heart pumping.
Kasey Kahne was on the conference call and I didn't ask a question, because he answered the question I had right off the bat. Here is the transcript from the first part of the call:
Kasey, first off, have to ask you how you're doing after that rough ride Monday at Talladega and are you all set to go for this weekend?
KASEY KAHNE: Yeah, I'm definitely looking forward to Richmond and getting to go out and test tomorrow, we're going to do some testing tomorrow for Charlotte. It should be a good week. We just got in the wrong spot in that crash. They decided to go five wide on lap nine, and I think it was, you know, way too early to do anything like that. I don't even know if you're supposed to go five wide there ever such that, you know, you just lose air on your race car and stuff. There's a few guys that decided to do it and we took -- we were one of the 14 cars that were in the wreck. I just got hit in the door, and it basically knocked the wind out of me. And I just needed a minute to catch my breath because of asking for a minute they thought I was hurt when really I was just asking them if I could just, you know, just give me a minute and then we'll be fine. But you know (inaudible) said I was going to the hospital and different things which wasn't true, I never did and don't plan on going. I feel great.
Q. Are you feeling okay today, are you sore at all, and have you been cleared to test?
KASEY KAHNE: I feel good. I'm not sore at all. Actually my left hip and my shoulder and my elbow, they are just a little bit, you know, bruised just from hitting something or getting hit hard. I mean, that's it. So I feel really good and I've been a lot sore after other wrecks. I need to get cleared tomorrow, I'm meeting with Dr. Petty in the morning and I talked to him this morning, everything sounds good and just get clear before I can test. Yeah, I have to get cleared first.
Q. So there's a possibility you could test tomorrow?
KASEY KAHNE: I will test tomorrow.
Q. Okay. Do you worry at all that that's going to leave you too sore for Richmond?
KASEY KAHNE: No, I'm actually not that sore at all. I'm just a little bit sore, which you get when you wreck, and I've been a lot sorer in my racing career and raced that way. It's not a big deal at all.
