On Wed, when CLNT raised guidance, it skyrocketed, and was up $2 to $7.40 at one point. Now back down the entire $2 as if the increased guidance never occurred? Can someone enlighten me--where they wrong trading it up on Wed or wrong trading it all the way back down the past 2 days---you can't have it both ways. Do you all still think the guidance was great? Also, it's trading at about a 50% discount from it's high last month. I haven't seen any material bad news to warrant such a big haircut.
I wouldn't sweat it, as Jon Carnes (aka) Alfred Little will continue to have a huge positive impact on the stock going forward. You're watching short-sellers push it down for now, as they flush out weak retailers that have no clue who Carnes is. That said, Carnes' involvement will result in alot more small tutes getting long. Should be a great deal of news going forward.
You have been told before exactly why this stock will NEVER hold a gain. No one believes the numbers.
Carnes is in all likelihood already out of the stock with a great profit on the backs of retail bagholders who don't know any better. The "news" to get it to $10 a few months ago was nothing, the "guidance" is obviously irrelevant too given the price action. Bottom line is that no institution would be caught dead holding this POS for any amount of time beyond a few days.
One more thing---is it just "filling the gap"? Someone told me once that all gaps need to be filled---I never understood that whole concept that all gaps need to be filled, but if it's true, now that the gap is filled, will it go right back up on Monday?