I let 10% of my position go just now. Those who have been here for a while no I have a nice position of shares from much, much lower (actually I have negative cost basis from trading over the past couple years).
It isn't as many shares as it used to be. However, my new rule of thumb for my position is that I will reduce my position when my current position size becomes larger than the total amount of cash I have already taken out of this name.
If CYAN can pull off another $0.20/share eps figure in 12FQ4, I think that would add up to $0.66/share for the fiscal year, while and it also would make a possible $0.90-$1.00 estimate for FY13 (ends March) quite plausible.
That could lead to significant upside from here. I hope it does!
$20...on what thin air. No news stock been running. The pure reason is wellington bought 900k stocks prior to the run up in December 31 filing. If the outstanding shres sits at 5.2 million and someone grabs a 25% stake with the help of the new CEO this is a no brainer wouldn't you think.
every year, institutions must file with the SEC about how many shares they own. The filing does NOT indicate the number of shares bought or sold. Wellington has owned its large position in this company for many years. Also, you are a year late for the CEO buying stock in large amounts.
Please get a clue or, in the alternative, cease from spreading disinformation.