Iti has now dropped 15% since its recent highs of $24. Sure is dropping before the CSCO earnings tonight. No real news and expectation is for good numbers next week. The downside from here has to be limited, unless we have a surprise at earnings.
There are no filings or news to explain the drop. Maybe somebody knows something we don't. This stock has always been volatile just before and after earnings. I did buy 300 shares at $20.95 (12:54:08) and put in an order to sell them at $21.50 thinking there may be a bit of support in the short term. Probably not a well thought out trade, but buying precipitous dips on no news has worked out OK for me before on this stock. If it doesn't work out, that's OK. We will see.