Good job. I have invested in this stock for years. This short profiting is done very well frequently for this volatile stock. Citron has done a good job of shorting before but this time I am still scratching my head for answers of this onslaught.
It appears to be shorting dynamic with huge volume of selling touching off stop loss of many lazy investors. I will not use stop loss because of this.
They could not corner a rat for too long. It will fight back.
They are run by a con man. They almost destroyed QCOR a month ago but just to see the stock ran back up, so they are coming back for another slaughter. They are very clever and down right fraudulent by misrepresenting info. If you have faint-heart, you are going to lose a lot of money.
Sentiment: Strong Buy
LPSN has a cyclical earning. It is just the nature of the business. There are less internet traffic during the summer months and then the business progresses with strong sale during the last months of the years. So is this business dying when we have less earning? I do not believe so and 15-20% downward movement could be a good chance to bring the truck in if you are looking for a 3 month horizon. Of course, this is IMHO.
Allegiant Travel beats by $0.08, reports revs in-line (ALGT) 66.50 -4.56 : Reports Q2 (Jun) earnings of $1.30 per share, $0.08 better than the Capital IQ Consensus Estimate of $1.22; revenues rose 15.4% year/year to $231.2 mln vs the $230.69 mln consensus. Average fare -- ancillary air-related revenue per passenger grew 7.8%.
How we are so ignorant that would allow a con man Andrew Left (criminal record from Florida) of Citron Research to mislead us and cast fear into our believe of QCOR is beyond my comprehension. At least, there are analysts from reputable firms like Bank of America and Merrill Lynch are casting a positive votes for the company.
There are enough fools to listen to this short seller and they did a good job to destroy QCOR so far and making tons of money to tell lie....