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Itron, Inc. Message Board

rightofway2004 1 post  |  Last Activity: Dec 15, 2014 11:19 PM Member since: Jul 14, 2004
  • rightofway2004 by rightofway2004 Dec 15, 2014 11:19 PM Flag

    Today had the feeling of capitulation. We won't know until we look back six months from now but the high volume after days of selling tells me this may have been what happened. Keep in mind that we are at the end of December on a stock which had a big run. Profit taking coupled with a huge short position made this vulnerable absent strong news on sales. Once the move down started the weak hands shook. Shorts probably leaned into it (they account for over 10% of the shares and also would like to lock in a profit before the end of the year). Separately, I wonder if Roth's estimates took into consideration the holiday week for the first 4 weeks of sales. Since sales were originally scheduled for Septemberish I'm not sure they are comparing apples to apples.

ITRI
37.85-0.15(-0.39%)Jan 23 4:00 PMEST

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