You had all the wannabe novice journalists on Seeking Alpha and Motley Fool pumping the stock for the past couple weeks, and the stock driven up on nothing more than their hot air.
With the earnings out, all the firms quickly downgrading, and the novices tossing their shares as quickly as they purchased, the stock is now undervalued and ripe for the picking.
With the next earnings report, the company will meet/beat guidance, the analysts will slowly upgrade the rating and price target, and by end of the year the stock will be double or triple what we have today. We've seen this before, most of us know how these guys operate, and it will continue as it always does.
The company is being priced as if it's ready to go out of business as opposed to having just turned in their best quarter ever.
Have patience, pick up shares now, and you'll be happy when you look back in just a few months.
True. However, with computerized trading, and the market hitting highs, there is much more volatility in share price movement these days when there is a big spike up or down. People are quick to sell instead of waiting things out until they stabilize.