Charts shows overbought, it will pull back for sure. I don't care about company news. i care about market. People always sell to take profits. That's it. Monday could be a big sell off on the news, PPS down.
The past two weeks they've been buying the rumors. The next two weeks they'll be selling the news, or lack thereof. Longs are hoping for some break-thru news at the conference presentations, but all that ever gets presented at these things is old re-hashed news that everyone allready knew about. SELL the NEWS.
I agree with you. Conference news already priced in at last Wednesdays PPS gap up. Now it will pull back. In these three days, day high and day low all lower day by day, means trend is down, and volume is fewer too. Plus 2013 net loss will be $30mm, or 0.32 a share much worse than 2012's profits. P/E is way too high.