The breakout technically failed....lots of volume and sold off ever since the open after earnings. Never even got close to the highs after hours. If we don't have a reversal soon on big volume then it will take another great quarter for the street to realize that this company is real competition for IBM and Oracle. I wouldn't be suprised to see consolidation here for a few months then either a breakout to the highs or a possible buyout. The market cap is chicken feed to the big boys. If we break 25.24 today then I see us heading lower in the short term. Like I said, very positive long term, but looks like short term pain. GL
On the other hand, the MM could be trying to shake out the weak hands before letting the stock run to new highs. Everybody knows this company is in the sweet spot and its just a matter of time before the buying starts. Remember, you can't fight the tape and if the market is preparing for a correction then everything will be sold.