Will be down on the open i bet. The report was pretty bad given that fact that it accounted for the one time merger termination fee that it received from the Gores group of 50 million. Has no ability to hold it's own weight for the long term. No cash generation power. Going to shut down stores i would bet. The Gores group knew what the deal was.
I agree. I think we could break $8.50 on the downside in the morning. Shorts won't be covering. They will be burying this stock at the open IMVHO. Numbers were far worse than I even imagined. Total incompetence. I may start accumulation below $8.50 just for a nice trade as it should pop above $9 again on the eternal optimism that this stock will do something some day. DaninFW