Do you think that if they already warned about Q4, that they will not lower Q1 revenue and earnings estimates. The press release said that they were cost-cutting, which means a charge will probably be taken in Q4 to cover the salaries expense. Plus, Q1 will probably be lower rather than flat to Q4. I'm buying in the $5's again!
Reyes is smarter than you think. He sees his stock being knocked down so he overstates the downside to 3 cents to 7 cents. When they report 8 cents it will be a penny suprise and the stock climbs. He will also say next quarter is on track to meet or beet expectations. Business has been picking up. JMO
How do you conclude BRCD will have bad earnings???
The storage market will grow and BRCD is the leader, it will go up. It will be choppy today because of option expiring, that is perfect chance to long! after today, you'll never have the chance to buy BRCD at low 6.