Stifel Nicolaus Technology, Communications & Internet Conference
I wish I could tell you why...
Five large funds sold significant holdings last quarter..Alydar, Driehaus, Northpoint, Commonwealth of Pennsylvania, and Renaissance. Only two funds purchased large amounts, Ariel and Loomis Sayers.
Short interst is 735,000 shares as 1/31/11 .
Perhaps BTN is being lumped in with issues associated with RLD...like no one believe that growth will continue after a few years. Remember, it seems like the sentiment right now is that all China growth is taken with a grain of salt because of other companies exaggerations within that country.
I just have a gut feeling that the response to earnings will be very positive.
For anyone to think the Chinese growth is a flash in the pan is just plain foolish. I took a look at the insider transactions from your link. Some recent purchases were noted in January 2011. None were really large. I really don't believe you and I are wrong here on this stock. We might just need some patience and nothing more.
I am hoping BTN earnings along with its management business narrative paints an undeniably strong picture.
I can't imagine given the universe of stocks..shorting this one. It sure wouldn't take much for BTN to bleed the shorts given the overall float.