There was no news. It appears simply to be technical trading. It pushed through a couple of levels and sell stops were triggered.
It seems to me that all this action started with a large trade at $1. The first 10 minutes of trading had a small amount of shares traded. then when it hit $1, over 100,000 shares were traded. The spiral continued from there.
Without any news, this just seems to me to be triggered stops executing sell orders.
The in-line revenue and earnings guidance is what concerns me and why I went short. RKUS needed much more than that to support its high valuation.
I am not sure how. The PEG ratio implies just the opposite. ARUN is much better than RKUS. I am open to differing ideas. Please explain.
Revenue forecast for next qtr either missed or is even, depending on your take. However, it doesn't matter. RKUS trades at a lofty price for its PE, and future growth does not support the current stock price. I doubt this will drop to $10, but that wouldn't even bring this in line with a decent PE.
Not sure why there is excitement here. Shorted AH. Not a compelling story. Forecast is disappointing and provides no reason for RKUS to support its high PE.
Not a bad year, up to now. But its high valuation will come to roost tomorrow after earning do not show much expected improvement. Under $30 for sure tomorrow.
Sentiment: Strong Sell
Yes it is a joke. But it had the effect that the author wanted. It went from +12 to -9. I used the drop as a buying opportunity.
Maybe. But I wouldn't be surprised if it took until Monday or later next week. MW and NQ both provided a lot of info/data for NYSE to sift through.
wouldn't suprised if it doesn;t trade today. Has nothing to do with good or bad. A lot to sift through