RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Q4If that were true, then there would have to have been some information from the Q3 results or the earnings call that would have caused the market to conclude that what they believed on the 27th was not correct. It is silly to think that could have come from BBD beating guidance on earnings and explaining on the call that they are confident that BBD will meet guidance.
Nothing about the financials or call casts a doubt on the short and long term guidance. Look up the analysts questions and Bart/Eric's answers. There doesn't seem to be any pointed questions which BBD is trying to avoid answering. No new risk was identified. It was just more of the same "risk" type questions that woudl have already appeared in the analyst reports and BBD saying that they have addressed it or that it is not a real risk. While the analyst may not agree, it is no change from the day before.
My belief is that participants in the market are smart. Why buy in when someone is pushing the price down? If things are going to be come out good in the long term, why not let the shorters beat the price down a bit before buying more?
What will see is that eventually daily trading volume will go down to about 2.5million shares. At that point, everyone will conclude we have reached the bottom of what the shorters are looking to do. That is when the real buying will begin with everyone trying to get in at the lowest price possible. It will cause the price to shoot up above its previous high by probably about $0.25. Then, the price will stay in that range for about a month and a half and it will go through it all again. This same scenario has played out over and over during the past. Take a look at the charts and you will see. Absolute best time to buy is after the shorters have pushed the price down and daily volume dies down to about 2.5million shares.