I sold all my RST stock and covered my margin on it too! I will still be keeping my eyes on RST but have no shares now! Will take a write off to be carried forward into 2010! I hope I strike it rich to offset my big losses on this IPO that looked like had the language market to its own but I found out that it could not sell it products without incurring substantial marketing expenditures which reduced profit margins. Plus, just after my stock purchase; CFO Helman did his bit about not capping the advertising expenses on the "not so success" markets and tank it from $29? to $19! During the 3rd quarter CC they managed to beat the reduced estimates but the management had a very cautious outlook for 4th quarter which led to a quick next morning "double" downgrade on RST! It been sitting their at 16.90-$17 for 20 days now!
Maybe they will finally have good numbers; but they are not experience in doing PR for the stock at all! How many times; do you see a double downgrade the next morning on a stock? They usually get back to the office and talk it over with their bosses and the company before they do the press release. Not here!
Good luck to longs and shorts! Should be interesting to see what happens in February!