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Pegasystems Inc. (PEGA) Message Board

  • fitzndahyouz fitzndahyouz Aug 7, 2008 4:07 PM Flag

    anyone else here?

     

    Pega just dropped like a rock in after hours....
    what gives?
    I thought earnings should be good this qtr...

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    • I haven't seen the earnings release yet but at 4:02 EDT I saw after hours quotes at $10 and change.

      How can you even process earnings info in 2 minutes, assuming it was released the second after the market closed?

      Not to mention there was no earnings warning in advance.

      My theory, until I see more evidence: PEGA is thinly traded and it doesn't take much to send it down, especially after hours. In fact it is usually down AH on most days. Could be that after a big down day for the market a few traders knee jerked it and shorted it AH. I dunno. Let's wait for the numbers.

 
PEGA
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