I've been keeping my finger on the "sell" button since the latest downward trend started and trying to swallow losses every day from this stock...and when you think of it, nothing major has changed in the company's financial situation for the past 6 months...the management needs to learn to manage the streets' expectations. It's the oldest trick in the book!
I feel your pain. In hindsight I should have sold when this stock gained after it's first drop into the 15-16 area after not securing a significant transaction in its second qtr. I believed it was a one time miss. Earlier this month when they lowered guidance we were all blindsided. I think this further drop we have seen the last two days has been way overdone. It is not like Gimo had that wide of a loss, in fact they meet revenue expectations the last qtr albeit a lowered expectation. This last month has been brutal for us longs and at the current price this cannot continue to be justified. I'm holding on to this stock but at a severe cost to my portfolio.
As has been mentioned in other posts, the past 2 Qtr's, the CEO over-promised and under-delivered. During the last CC, he definitely under-promised for the 3rd Qtr, as exhibited by the further decline in PPS (even though they delivered within their revised revenue projection for the 2nd Qtr).
Let's just hope that for the 3rd QTR, this time, he can over-deliver on his under-promise on revenues.
Maybe you are correct. But listening the conference call, I got impression that analysts are questioning the pace of revenue growth - it slow down - and they could not get an answer which can they believed completely from CEO - is it because technology is getting outdated or just sales issue. I think that company should try to sell yourself - if anybody wants to pay for the technology, so it sales issues. Changing of sale boss or CEO still can get Wall Street trust back. So it's not so simple for me and I am losing money and confuse. But this CEO really sucks.