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  • hageneriksson hageneriksson Nov 20, 2012 7:27 PM Flag

    Earnings were In-Line

    not delivering against expectations just two quarters after going public will leave a VERY bad taste in the mouth of institutional investors which will almost certainly head for the exits tomorrow

    while the miss and the guidance revision might look rather small they do have much deeper implications for the analyst and institutional investor community.

    expect downgrades and cautious analyst commentary tomorrow and perhaps some defense from some of the ipo underwriters but wouldn't bet on that.

    expect the stock to drop further in the upcoming days and weeks then as only retail investors tend to hold stocks which look like dead money at best for some time

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