RE:To Be ExpectedInvestick wrote: With the released results, albeit it positive overall, we had to expect a selloff. Today's selloff is likely frustrated traders who were hoping for a gap up with strong Q3 results, and everyone's favorite panic sellers. Looking at posts from 8:30-9:30 I am guessing most Long's have to be happy with the price stabilizing in the $2.55 range, it certainly seems like everyone was expecting much worse today with their 'miss' on EPS by 63%. Don't lose sight of the big picture, the overall Q3 results are positive, institutions are buying, and we will see a nice rebound rather quickly IMO
I can actually attest to that because I was one of the traders who sold at the open. I am however going to keep this on close watch and will look to get back in because despite not getting the mega catalyst I was hoping for I saw a lot of good things in the Q that support upside in the stock. 2.70 is key here on the 3 month ascending triangle. Once it breaks the momentum should carry this upward to $3. Management did signal they were having more talks now than last quarter with regards to new partners so that in itself is a great sign.