How I'm viewing thisHey Guys,
I'm a small time investor because I am only 22 and in school right now but I'll give some food for thought. I think the action today was to be expected. Some people will always get scared off when a report isn't everything that the bulls were hoping for, so far we have around 400k in volume down around 10% but to put this in perspective it isn't like any huge majority of shareholders are selling right now. I think the big money will be using this oppourtunity to start accumulating stock, but they will let the scared investors push down the trading range a bit before they start buying up slowly.
I put in a limit order at $1.85 that got hit so I've accumulated a bit more and now averaged in around $1.36
The thing to remember with this company is that earnings don't come with customer wins, they come in the following 3-4 quarters after the win because of the business model.
Spinning off the advert business is also a great idea, being able to basically go with any service they want will really allow them to be effective middle men and not tie down networks to particular advertising systems.
I chose $1.85 as a buying point because there seemed to be some technical resistance there but we will see how it reacts, because it has broken down to $1.80 but there always seems to be buyers when it gets this low.
GLTA,
Phatfiend