close at $22? this stock cratered big time. Why even trade stocks when you have a better chance of collecting profits asap trading options? I've had more success trading options and using OptionGlobe and their picks. Their call/put trades have made me over 5k just on Friday alone.
For the record, Robert gave qualified support for the stock. He mentioned its strengths and that he did not see any reason for the drop. He said he would look into what was happening. That's not exactly a back up the truck statement.
It's not like FMCN only bought back $5 million of their stock. Geez .... if $360 million doesn't scream credibility, nothing will. Also .... EPS to grow 21% according to analysts and their VISN investment will really turn the corner next quarter. I like shorting Chinese stocks, but shorting FMCN down here after the plunge ? That's just plain suicide IMO.