RE:Bought more!I can point out over a dozen stocks that I follow that did a secondary and the stock is down more than 50% from where the secondary investors bought in. That price means nothing today, and I can assure you that the people who invested in the secondary are not happy with today's price.
It would have been "on sale" if the guidance had remained the same, but it fell along with the rest of the markets due to macro sentiment. It fell specifically because of management's idiocy in pumping the numbers prematurely.
This could be a $10 billion or $15 billion company down the line, but I've been burned too many times by careless management to wait to find out what happens.
I've seen management issue themselves new options whenever their incentive package is underwater - they are typically disconnected from the heartache normal shareholders like us go through.