RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The Midas LetterAuctioneer wrote: It is not the job of management to ensure a continuous run of the stock price. It ran up nearly 40% in very few days. The job of management is long-term success of the company.
Iamsuperss wrote: bionicjoe wrote: IMO, management dropped the ball in releasing the PR when they did. The sp was on a roll (much to the relief of the retail folks) by Wed and potentially would have hit mid 10's yesterday with an eye on low $11's today if the rally continued. All the momentum was cut short with the PR. No thought given to the retail investor.
it was overbought & was itching for a pullback. The news was a catalyst & accelerated the drop. As far as I’m concerned this is a good thing & shows confidence from the corporate financing world. I think it will reverse real soon.
Your percentage gains aren't impressing any longs but might be convincing if you are a day trader.
Management's job is to not only look after shareholder's long term interests but the short and medium terms. Their recent actions have terminated a long sought rally and shareholders are paying the price. They just don't seem to get it. You offer the market more dilution and it will respond with a lower bid on the sp. Why is that so hard to understand? It totally f_cks up a company's ability to gain momentum if you keep releasing news the market sees as negative.