ADSK will drop to $19 when the bubble bursts. This POS missed the top and bottom. Institutions cannot hold this POS when the correction comes. High PE JUNK stocks like ADSK are the first to be liquidated.
I wish that would be the case but it won't - the stock always manages a giant comeback after reporting weak results and guidance. I guess the stock will be back to $38 during the call as their management has proven on former calls that they can talk themselves out the mess. Besides that it's not all that bad as the company "achieved strong deferred revenue and subscription billings growth, and record cash flow from operations in the first quarter".
This will be picked up tomorrow. I have been burned many times on this one. But not this time.