ADHD has basically traded its entire float already. Which means that this is nothing but day trading. Low float + low daily volume = high volatility. Not sure how much it will recover, but movement today is exaggerated by day traders. This probably deserves to be down $3-5 ...$7-8 is just MM playing with this.
LOL, derrick...dude...we get it. You are short and don't like ADHD. You've only had about 100 posts bashing this stock.
ANALYST OPINION: On October 2, Citigroup downgraded A10 to Neutral from Buy, saying that the Japan slowdown will decrease the company's overall revenue growth for multiple quarters. Citigroup reduced its price target on the stock to $9.50 from $15.
Very thinly traded stock with a low float (9M shares) Trading is light in AH, but it doesn't take much to move a stock like RNO. Short term potential is not good.
It was already down 30% this year. So, not sure how much of this was expected. Really, a reduction or elimination of the distribution should not be a shocker.
bclark49548 has been gone suspiciously silent. Hmmm, I wonder why. Must have found another ambulance to chase. LOL
I have followed Netsuite from afar and noticed earnings yesterday. The foward PE of over 200 and PEG of 15 would be rather concerning for a normal stock. But with growth stocks, it can be justified somewhat.
But since its the 2015 forecast is modest (near analysts forecasts), is its exponential growth starting to level off? It is still growing, but is the growth explosive enough to justify + 100/share?
Maybe I am being to conservative and the growth does justify the price. Rational thoughts are appreciated.
With Barrett having so many clients and consultants, their business is certainly in good shape and not going anywhere.
Since they employ may temporary W2 employees, there will always be higher number of compensation claims than most other businesses. That is built into their business model. It seems this is a one time event to shore up the workmans comp reserve.
Two totally different events. BSSI spent money to build up workmans comp reserve. That is not an accounting issue. ARCP is an accounting issue, but appears to be blown a little out of proportion.
What is wrong with everyone? LOL . This an extreme move by a low float stock. Granted, the news to shore up workmans comp funds was unexpected. But this is a growing, strong company with burp in it net income due to a one time adjustment.
Wow, what a buying opportunity! Thank you!
I wonder what they think now
It is not sanity that is needed. This is purely a short play and they have won big time. They control this stock today.
The $80m short fall into workmans comp fund, caused the gap down to $30 near the open. What has happened since is an example of how a few MMs can control a stock.
Raised revenue, but no earnings increase due to acquisitions. Looks like profit taking today after nice growth this year. Looks like a nice area to buy today (51-53 area)
They are forecasting 5.00 versus consensus of $5.37. Not great, but not going out of business. The only thing I can figure out is that news gave a few investors to cash in, causing WAC to drop through some stop levels. Thus causing this low float stock to drop more than reasonable.
The pe and forward pe are incredibly low. I'll bet on this to recover to 20 in the week or two.