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You are right on the money with Thero selling heavy amounts of shares over the last few months.The lows of the day would not be out of the question...it happened to Lands End yesterday after an attempt to move up.The big problem for FLIR is that any response they make in a press release is going to be viewed skeptically. So...I think there is little upside, and lots of downside potential from this point forward.
Word around here is big name analyst set to defend stock with a strong buy.. May happen during the lunch . Hearing that they are stating the SEC issue is known. 12 month target 85.
Name me an analyst who drives a stock price up or down anymore? Look at INFA yesterday after ML came out with a buy, it was one of the biggest % losers on the NASDAQ.