Thats for sure. Not sure if I should cut my losses and put my money elsewhere or stick it out. I have 2000 shares at $20.40. Maybe if it gets back to $18. However that might not even happen. Starting to trend down more now instead of up. High risk high reward before earnings. Unfortunately lost this one.
they had all the time in the world to issue warning prior to earling release but chose not to so that their executives can cash in at higher price. These crooks will be punish severely and you have not seen nothing yet.
Ask yourself if you believe the CEO's spin or not because that is the best case scenario and you won't know for 6 months whether he/you are right... in the meantime, what happens if they report something less and maybe alot less than 80 million for the next qtr and then what about the next... how much credibility will Dave have if they blow yet another qtr... you then have yearly numbers ratchet down again all the while betting on the come... you hear these money managers yelling all the time to diversify... don't keep all your eggs in one basket... if FIO's 2 big chickens don't produce guess what... either an empty basket or at best lumpy eggs... good luck to you!