I am wondering too, why the company does not issue a PR ? If the important data released to a small group of people are not available to majority of investors, this seems not normal.
Why not? MA did, google did, apple did 7:1, PCLN should do at least 6:1.
PCLN management is too far behind the market. Their capability should be put in question by the board now.
Huge volume at the last 30 minutes tell you that smart guys are buying without tomorrow.
No need shorting, just let the other bio-companies hire Geron CEO as their new CEO. Everything will work in favor of shorts eventually.
FEYE is not participating any broad market move, which means its not on any manager's shopping list any more. Look at Google, lnkd, CMG and even PCLN all move up quite well today.
PANW perhaps is their pick.
The sell off is typical sell on news, which is released yesterday evening. The run from 33 to 36+ was due to this announcement also. It should bounce back above 35 in the afternoon before the analysts conference starts.
maybe that is an issue. But what happened just two trading days ago? Was FEYE profitable ?
So, that is not the point.
I would not be surprised to see it close green today.
This sell off of the market is the typical FED Jittery, IMHO.
They just follow the tide, either up or down really quick.
And they have very short or nearly no memory. They forget why they buy it like crazy just one or two days ago. And now, just sell like there is no tomorrow.
network security is a long long term business to go with.
AAPL's Tim took over three years to resume its high. MSFT is 47 now comparing with 33 when Steve announced quitting.
Apparently, wall street does not like the CEO yet. The company did quite well, and suddenly changed the CEO, wall street will try to protect its profit at he first place unless the CEO proves himself to be good. Did wall street like the buying of OPEN, ? No. What else he did so far that wall street likes?
This is not the case of MSFT, when Steve P was disliked for a long time.
March rally was due to the continued momentum of last CEO's work. The company should re-evaluate the new CEO regarding the bad performance of stock.
Apparently, wall street still has no trust in him yet.
Should be expected. If you use Euro, why it charges extra cross border fee? This is decade long case. The stock drop is just another buying opportunity.
When market is up, PCLN went down, now market is shaky, PCLN tries to move up. How come it has to work in such a way!
Will see if market will resume upward movement. The trend of nasdaq is obviously toward 5000.