individual investors led sell-off, bottom out today, and lesson for HPJ management
The volume in the past 3 trading days say it: big investors are still holding it tight. This is so far the only positive sign for this stock.
My bold prediction is the stock is bottomed out today at $3.8 today and will rebound significantly in the next few days. It may go to above $5 level.
With secondary offerings and issue of options/rsu compensations so far this year, the management had sent a message to investors the company was doing great. Yes, revenue is growing strongly but gross margin is so so, yet the bad thing is it reported a net loss-this has not been well-received by investors-few buying but more selling so far. The management needs to understand that good news can only drive stock prices to an extent that it may flash but won't keep.
Going forward, focus on the business and let financial results speak!