I warn you - this is a dump company where certain people pay to promote the company so they can sell huge amount of shares to people like you.
If you don't believe me google "arth pump and dump" and click on the second result or the one from goodetrades' article from June.
Disclosure: I have a small short position of 2500 shares.
Sentiment: Strong Sell
30 million shares short - I believe the people buying are shorts covering and individual investors trying to double/triple down.
Given that the company has abandoned RMG, do you honestly think this company is worth 2.4 Billion? I know they cash but they will burn through the cash and if their numbers are declining 30-50% y/y - that means the company is not close to a turn around - you don't just go from losing 50% to a positive growth in a quarter or 2 or even a year. That's opinion.
Personally, I would be worried.
There was a huge spike in volume before the announcement, someone got wind of news but didn't know what kinda of news. Whoever heard bought up ~6 million shares right before the halt from 2:37 to 2:47. They guessed wrong.
Either way it's fraud...someone knew something was up before most others.
what are you talking about man? Stop spreading false rumors. Not a single trade happened since close of market yesterday that was over .61
Lazard thinks that although sentiment in negative on Fusion-io (NYSE: FIO) heading into quarterly results, there might be some surprises in store for the company.
Checks by the firm hint that revenue is deferred, rather than lost. Lazard thinks sales for strategic accounts will resume in the second-half of 2013, commenting, "Even as competitors inevitably narrow the density/performance gap, we believe the aggregate opportunity remains substantial and should comfortably support multiple vendors."
Lazard commented that it sees "no evidence that alternative products are the proximate cause of lumpiness at Fusion-io's key strategic accounts." The firm doesn't see any material change to the story, with the last reset setting up for upside bias to numbers.
Though longer-term issues remain, Lazard believes the Fusion-io isn't hitting that impasse quite yet.
Lazard has a Buy rating on Fusion-io with price target of $23. Looking to Q3, the firm models revs of $81 million and a loss of $0.07 per share.
Sentiment: Strong Buy
It's not hedge funds that is pushing the stock down, it's actually because Eric Schmitt has dumped 264k shares worth ~ $215,160,000 in just acouple of days.
Eric announced that he will sell aprox 2.5B to diversify his assets proximity 6 weeks ago.
I am actually pleased to see how the price has held up given that fact.
I hate when people compare share prices; compare market caps not share prices and you will get a better picture. Apple is 400 Billion while Google is still 270
it has cash equiv of about ~$140 a share - not 200 and it still has to pay taxes on that cash - so that comes out to roughly ~$90/share after taxes
calls_them_as_i_see_them is 100% right - you're basically taking the value (money) out of the company - so the market cap will decline by the amount of the special dividend; especially if you factor in that what will pay out will be ~35% less because of the tax it still has pay on that money
You make some good point but you make a lot of bad points too.
Innovation isn't just about inventing new things, seeing an opportunity that no one else sees is innovative.
Your point about mp3/ipod being not innovative is dumb - any company could have made an ipod but Apple chose it out of the hundred other options and they hit a jackpot.
all you need is 2 people in on the scam...they can swap shares between each other and drive the prices up and up without using an additional capital and scooping up any #$%$ money