Some interesting discussion here, my thoughts...
When a stock plunges on large volume due to a shift of the underlying fundamental currents, it is often a long painful road back and sometimes there is no back at all.
By this I mean profit downgrades, new competitors entering market, government policy changes etc...
However when a stock falls due to personnel changes, especially when those exiting are selling their holdings out of anger, the stock nearly always recovers, and recovers quickly.
Friday was an opportunity to get stock in a growth story at prices that will be probably be deemed cheap very soon.
I was a happy buyer of IVO stock Friday afternoon, that also goes for EBT stock where I picked up $20k at $3.50 courtesy of the resignation of Ken Carr.
I expect both stocks to recover quickly.
No matter how good a person is at their job... or how important they are to a company... everyone is replaceable.
The stock market has shown me that over the last 15 years.
Don't be surprised if the door is now open for Condat AG to get some seats on the board.
By 'em cheap while you still can imo.
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Some interesting discussion here, my thoughts... When a stock...
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