"Probaly" you don't know what you are talking about!
Shorts appear to have massively jumped in on this CFO departure. Considering the sell off without any real news affecting the company's finances, products, and operations, I believe savvy investors will seize the opportunity to take advantage of the situation. When the shorts take their profits and run, the covering should add a nice impetus to the stocks rise. FTNT could always speed the process up by announcing a stock buyback. It would bolster confidence in the company, and it would directly add to the bottom line. Investing in your own company is often the best investment a company can make.
Hey, maybe CBS watched the Fox News segment and they didn't want to be upstaged. Sure would be sweet for the investors who just bought in if NWBO gets more positive media attention. They have so many patients with great recovery stories, that it would be an easy story to write. Many oncologists involved in the trials have spoken glowing about the trial results to date. I have a dinner that night, but I am sure you guys will update me if NWBO is featured. Actually, I believe the market will tell me!!!!!!!!!!!!!!
I thought the sell off was over Friday, but I guess some people came back from Thanksgiving and hit the panic (sell) button. I had extra cash sitting around, so I doubled down at a big discount from the pre-announcement price.
Oops! I neglected to say that there has been at least one 10 survival case. That's great considering they are treating a very deadly cancer.
very safe toxicity profile
can be combined with other treatments
vaccine can be made and stored for three to five years
lower cost than traditional treatments
lower cost and better outcomes statistically when compared to other bio tech drugs in development
plethora of survivor testimonials ranging from up to 3 to 5 years and counting
numerous oncologist accounts for respected hospitals touting extreme potential of the vaccine.
Flush with cash from a recent stock offering
Do I need to say more for a stock sell at less than $5 dollars! But, hey, you can buy Cldx for close to $30 and get a similar potential.
Appears to be a severe over reaction. Sooner or later reason will set in and those who bought the dip will do fine.
If this doesn't put FTNT in a great position to mount a massive buyback, I don't know what would. It also makes the company a highly desirable M&A acquisition as the stock is really selling for a around a little over $11 a share when you consider the cash on hand. I took a position on Friday, and I doubled down on today's pullback. With last quarter's earnings strong and FTNT's security technology cutting edge, I feel confident that this is a minor glitch.
If someone wants to leave, sometimes it is best just to let him go. Maybe they were not thrilled with him anyway. I remember when A-Rod was set to leave the Yankees. Steinbrenner forked over the dough, even though no other team was willing to pay that kind of money. That deal has haunted the Yankees ever since and for years to come. If this change has no other issues than this guy being sick or wanting to move on, the 13% drop will prove to be a nice holiday gift. We shall see. I sympathisize with you if you bought much higher, but the market always has its ups and downs. Good Luck!
I totally agree. It is amusing to see the shorts posting all kinds of nonsense to try to make the stock drop. I saw the FTNT chart in Barron's and they repeated the personal issues statement. If that is true, and I believe it is, I expect to see FTNT rebound quickly.
Sounds like the company and many analysts are addressing the issue very honestly and positively. I don't know how quickly the stock will recover, but between all the positives and the fact that FTNT is a takeover candidate, this stock should start to climb back on Monday.
FTNT made things worse by releasing the situation on a low volume day. Since the guy is staying for months to help with the transition, it tells me that "personal" reasons is a good description for his leaving. If he was dishonest or a screw up, the company wouldn't want him to hang around and make matters worse. But, hey, I was looking to buy back into FTNT, and I never would have gotten this chance if it wasn't for this. Shorts on the other hand may end up with a good head slap.
I totally agree. I believe next week will see reality return. Anyone who shorted down here is playing with fire. Basically the market priced in the worst. Barron's covered the departure and mentioned personal reasons. If true, this is no big deal and the stock should rebound nicely.
I think you may have just caught the wave. I loaded up the last few days, so I plan to sit back and hopefully engoy the ride. That 13G info was a real shot in the arm!
That's a pretty big leap of faith. I believe they are expecting good news shortly also.
That's why I jumped back into FTNT. Today's action has priced in a major scandal which I have seen no evidence of. Hey, we are all guessing, but the company's products and potential remain the same as they were yesterday when the stock was priced more than $2.50 higher.
Smart money believes we have seen the lows. Looks like the stock wants to move above 4.80. Next week should be quite interesting.
I saw no reason given for the CFO's departure. I bothered to look at the fact that he appeared to be leaving on good terms as a positive, so I considered the fact that he might have had a health issue or another job opportunity. Maybe the fit just wasn't right. If the CFO was involved in some slight of hand, I don't think the company would want him around to advise through March 2014 to help with the transition. In fact, it he was involved in some shenanigans, I expect they would have walked him out of his office and put him in a cab.