Selling continuesWas hoping it would be a 1-day dump, but the selling is following through, not a good sign.
We are now down 30% in 3 weeks. The eophoria has gone and reality has hit.
What frustrates me about this stock is that sentiment that management had created was so fantastic, then they go ahead and destroy it themselves.
Why be that breathless and optimistic about their acquisitions, and then just a month after closing, restate their guidance? Did they get ahead of themselves? Rookie (and stupid move).
Rafi was doing so well since his takeover and the page had been turned, and how he goes ahead and shoots himself - and shareholders - in the foot.
Once positive sentiment is gone in this manner, it's hard to get it back. Management credibility can take a lifetime to earn and an instant to disappear.