If you have any good news to announce, now would a good time to do it. We're getting killed here and could use a little help. I doubt too many people are going to know what is going on at the conference unless you make a formal announcement. LET'S HEAR IT!
At this point I would like to reiterate my long recommendation of this stock. In this buy the rumor, sell the news market this was to be expected. Anyone getting out now or on the impending move down to, I would guess, the low 50s is selling on emotion rather than logic. This is market psychology at work. The facts remain: 1. Radware provides award winning technology to ISPs and Big businesses that incorporates servers with RISC chips. 2. Radware's profit margins continue to increase. 3. Radware has a product no one else has(Linkproof: The First IP Load Balancing Solution for Networks With Multiple ISP Connections) 4. Radware has no debt. 5. Radware's earnings increased 155% over last years earnings. 6. SSB reiterated its strong buy rating of this stock and upped its target to 85
I believe the float on RDWR is 3.5 million. Already today @.6 million shares have traded all at significantly lower prices. To me this looks like a base ie. why would someone buying today be a seller at lower prices. Remember this co. did not miss estimates and revenue actually grew faster than projected.
If today's volume is in the 3 million range asit almost certainly will be then the price should recover somewhat tomorrow just based on technicals. Right or wrong?