I expect Ichan may use the weekend to work out his strategy for NUAN. He is very creative when it comes to wringing money out of his positions, so I expect longs will be happy in due time. Tough and dangerous stock to short at this time in my opinion.
I am only guessing, but I have followed Ichan for a long time, and he rarely sits back and loses money. I expect he will announce that he is taking an activist role at some point in the future, so I am content to sit on my shares and be patient. Earnings just came out, so I think all the negativity has been priced in. I see no downside impetus, so being short could be very costly near term. IMHO.