Also do some research... the seller is the old owner of Network Solutions as they got some of the price in stock. I would also note they started out with around 16 million shares and are now down to 3.8 million after the recent sale. They have divested over 12 million shares yet the stock is near a 52 week high!!
What do you think will happen once they are completely gone??? You do realize someone has sucked up all of those shares!! Once the over hang is gone we will go up. In 2 years this is a $40 stock.
I can see this getting into the upper $20's this year. I would also note this could have a short squeeze and go parabolic any moment. Over 95% of stock owned by institutions and mutal funds yet about 7 million shares short. Look for a huge move when we break $22 again.....
Its a bear trap!!! It went down and tested the all time high before the recent move ($19.77) and held!! This is a good shakeout of weak hands and a move that pulled shorts in like yourself. Setting up for a bigger move in the future.