Boy people are overreacting to what was otherwise a beat on SUPN earnings because of the burn rate? And who trades 100 shares of a stock that is under $10 per share anyway? Keep selling, I will take your shares. lol!
RE: And who trades 100 shares of a stock that is under $10 per share anyway?
#$%$ little no name shops with a [blackbox] computer... not that they can't cause havoc on small float, low volume securities.
Stock is justifiably getting pounded this morning. Management has to offer a better plan than "we've got cash thru 4Q 2013" after two equity offerings in the past year -- one that they got punished in the market for already. I didn't hear any plans in the transcript, just maybes.
Wish I'd gone short at the open; I'd considered it, but I've got another short position working in SFUN at the moment. Would have been a 15% gain in half an hour!