Looks like the fund playing with this stock is gone..in last 2 months..shorted around 400K above 1.5 and covered below 1.2 ( latest filing..short interest dropped by 400k )..made 1 million ..and may have moved on..or might have hedge long term position, in case these guys warn..
Also short interest on the stock has increased to 900K gradually ..the moment it breaks it's last 200 day moving avg of 1.16-1.17..next support is below 1. Currently shorts are fully pushing it down and longs are on vacation.
It will be rocket on either side ( up or down )..depending upon what number Bill and party comes with.
Q2 : 9.8 and Q3-Q4 guidance of approx 26 million ...with total guidance maintained..up
Q2 : 9.8 and Q3-Q4 guidance of approx 22 million with total outlook reduce to 40-42 million...down
On Q2 lowering outlook from previous estimate of 11 million to 9.5 million at Q1 call..stock tanked from 1.55 to 1.2..
Now as street is expecting they will lower full year guidance on Q2 call..where the stock will tank is anyone's guess..and all these new hires, which are currently decorating Bill's house, will be fired..on the pretext ..revenue is lumpy..
INTC came last year with 1 million revenue when i pumped it fully from 1.4 to 2.95
Comcast came this year with 1.1 million revenue when i pumped it fully this year..from .9 to 1.8
Next year will pump Verizon..on m2m or wifi calling contract speculation..