DMD has had nothing but positive news the past few months. For weeks it had been trending up, even while the market was going down, then the day that Zacks gives it a strong recommendation, it starts to tank. Why?
Hopefully this is just a short-term drop. I'm a big-time believer in the company. No debt, strong revenue growth, undervalued stock price, and even has buyout rumors to boot!
I think DMD has performed as expected. The offer for 15 dollars a share, I think a lot of people expected something to happen sooner rather than later. And let's face it, the stock is still way up from that initial gap up!
Personally, I have made a lot from this trade (courtesy of trading in/out a couple times as this has been one that Jason Bond has been watching for a long time!)*
* If you don't know who Jason Bond is... you should! Here is his article he published on How to Swing Trade DMD Stock: