Punished as deserved
The thing that really hurts is when the announcement comes
not only will it not rebound to 60 cents
but it will be pushed down further
This has happened to a lot of companies
My opinion is shorters and those looking to buy at a cheaper price before letting a stock rebound
are looking for a ripe cherry
Stocks that have let shareholders down
Like when an announcement is well overdue
Buyers get frustrated and sell
Those who hold out for the announcement
even if it is a great one
then watch as the stock drops lower and lower
Some then sell out for good
or sell out to get a lower entry
Those true believers hold on and watch the SP sink lower and lower
Then when the buying is done the breaks are released
Not a lot and then the push down is on again
I guess its in the timing of the trades
What I really hate is those that need to know when an announcement is coming know well in advance
Judging on the price movement there is zero chance
of an announcement Monday
and next to zero by the end of next week
I think all will agree this management sucks
IMOO
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