means nothing. just some small day-traders playing with small money between themselves. rdwr got today a positive review from P-J and nothing has changed. when rdwr was in the 15$ zone,only 3 weeks ago, people were also bearish. since then it made 92% up and it has the potential to do so again.
Here's what I noticed this morning. There were a couple of trades of lots of 1000 or 2000 very early, which dropped the price 1/2 pt. May have been very light insider or employee stock-holder sales (can you blame an employee who needs some cash for selling 1000 shares?)
then what looked like the year's slowest volume for more than an hour. Later, with total volume of about 40,000 shares for the day, there were what looked to me like orchestrated trades involving of 100 or 200 shares in quick succession, twice... and these moved the price down between .75 and 1, each time. That's today's price drop! It gets consolidated a little, when small stockholders panic, or someone sells stock for some other reason. But, basically, it's misleading.
And it looks to me like a shorts' game, trying to shake loose some shares, create fear wherever possible, and cover short position taken at the high a few days ago, at the lowest possible cost.
Anyone who draws conclusions about RDWR based on action like this morning, errs.
on your best analysis of RDWR and your purchases had helped drive the price up last week. Say you'd decided you want to hold 150,000 shares. Would you start buying and just keep buying till you had your 150,000? Or would you try to time your buys so as not to drive the price up excessively? (You're goal is buy low, sell high... remember?)
I'm no guru... but I think that's what going on here. Institutional buying was certainly one of the factors in the recent rise. There are shorts on this stock, and it's pretty certain they came on again at 29 or thereabouts. The money managers pause and let the shorts eat the price down on low volume or very low volume. Then buy some more. That's what I make out as the most likely scenario, for the coming weeks.
There are no significant number of sellers... and almost all who bought as the price ran up last week, are holding. If you think NASDAQ is poised for a run-up, it would be hard to imagine a more favorable situation.