Major turns in anything, including oil, occur when all the talking heads are saying the same thing. While there is always a great deal of substance in what they're saying, they are usually confined to what has passed rather looking for things that might effect the future. One element that people have discounted is the fact that demand for oil related products has not abated. Secondly, we have experienced large inventory builds due to the relatively warm weather in the US up till and thru December. Lastly, noone knows when the rig count reductions might cause a slow trend reversal. Of course, there is the possibility that Iran will attack the Saudi oil fields. Not a pie in the sky optimist. Just open to a sudden, snap back reversal.
Strongly agree. Haircut of FEYE was unjustified. Costs always increase ahead of revenue in the software business because the company has to put customization programmers, training and customer support people in place prior to install. Ignoring a 47% increase in revenue and overemphasizing a top line miss of $2 million caused by a slight implementation lag was a severe overreaction. Big boys shaking out weak hands.Stock should move up as Feb 10 qtr report draws near. However, a near term downside risk to @$18 is possible due to turbulent market conditions.