they knew they would miss and guide lower weeks ago. Why did they wait so long?
They lower guidance after market yesterday and you didn't get out, that was the warning. If they warn a week ago stock would drop like today, make no difference.
insiders have been selling all the way down. you just did not read the warning and believed Carl and RCCI
Ricci's sales at $15.85 luckily pushed me to sell at $16.15. I was able to buy back at $13.60 by that warning shot of his.
Answer...preplanned Form 4 sales. Simple as that!
everyone says that after shares tank after earnings? You think it would be any different if they warned?
they could have managed expectations. If you know material info and hold it back, it is technically an SEC violation.
Why did they announce earnings the quarter before at the stroke of midnight?! Ok, I'm coming around to realizing that after being in this stock for more than a decade that I've been had!
That is for sure. Now it comes down to how much pain you can stand or just take your losses.