Momentum guys puking..Good I say. Want them out of the stock sooner rather than later. Need some long value.
Any momentum ppl who thought they would get a massive pop from this stock are morons. Frankly, Ive always thought momentum ppl r morons and in this market they are extra moronic. This is a quality long term buy stock will recover in next few weeks and be higher.
LRN isn't down because of momentum traders, its down because they revised down guidance for 2009. Revenue was fine, but OP guidance of 19-22mn is below street expectations of 22.5m and EPS implied from their operating profit, interest, tax rate and share count guidance gives 36-40c/sh below street estimates of 44c. Growth stocks that lower estimates fall. its that simple