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Nuance Communications, Inc. Message Board

  • jk4763 jk4763 Apr 5, 2013 7:30 AM Flag

    glad i sold half at 21.90 on icahn news

    booked a nice profit.... i may buy them back today if nuan has a further pullback..

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    • In hindsight, that was a smart move. Maybe should have sold all of it. I figured the Ichan stake would have sent the stock even higher, as all the shorts would have stampeded each other to get out. Yet the stock has gone steadily down since then. I can't come up with a reason other than the shorts decided to double down to protect their investment, and once the smoke clears will try to exit their positions surreptitiously. Once I worked for a mid-size company that had strong growth, attributed to a strong founder and CEO, and a few large investors. One day he had a heart attack and everyone in the company expected the stock to tank. Instead volume went through the roof and stock even gained a little that day. I later learned that the few large investors had bought more shares to stop a panic... they were protecting their investments. Anybody out there have a different interpretation of why NUAN is leaking oil, despite the Ichan announcement?

 
NUAN
18.13+0.02(+0.11%)Jul 31 4:00 PMEDT