longs are weak because they bought into his and kscott's nonsense on this board. longs are selling every chance they get. it would have been nice to go into earnings at a base 5-10% higher than we are now, but it is what it is.
See, the thing is that I wouldn't normally give the time of day to such idiots. However, here, since NTWK does trade such a low volume and there is a low number of shares in the float, these bozos can influence the share price - and I think they are very well aware of it. It is also illegal to knowingly attempt to manipulate the share price - so I really hope that they believe what they are doing here by bashing the way they do is worth the risk they take in continuing their game.
the analysts who lowered their eps estimates for the 4th quarter just days
prior to earnings caused people to sell, nobody else. by doing this, the analysts signaled
to their clients to sell as earnings will be disappointing. now you have the news wires saying expectations
are .22 cents when they have been .24 cents for a long time. wall street is not fooled.
tomorrow they are going to have to explain to wall street why last years 4th quarter was .25 cents and
this years is lower despite all the hype about contracts.
Sentiment: Strong Sell