If CFO is out another CFO will come, there is a lot of talent out there. Insiders sold in Amazon & Google as well yet their stocks go up. I actually bought today at these lower prices . Great company they need to advertise more, CEO need to come on CNBC & Bloomberg tell how Rax is different that competition gain more customers .
Disclosure: I'm long this stock.
I did lose lot of money trading this stock. This stock has lost lot of its value for wrong reasons. CEO at one time he said they want to stay independent, that strategy may not be a good idea long term if they want to compete with Amazon or Google. You need big bucks to stay in this kind of business. Goldman at one time had a huge position in this stock, looks like they are out completely. WallStreet has destroyed Blackberry completely,you do not want to be in that situation. Lot of major holders may be thinking same thing. Sell the company and save stock holders and employees.
When will Tesla launch in Singapore, Hong Kong, Malaysia, China & India ? Indian & Chinese markets could be huge as both these countries are struggling with huge pollution, Tesla could make a difference there!.
Europe is struggling with high unemployment. Also the public transportation is much more convenient there.
This is a great product and could be a right fit in either IBM or SAP's product portfolio. Priced right for a take over. Even Microsoft can take a look at it. This company has a great client lists and consulting services on this product are highly profitable .
Approximately 29 mil shares traded . Icahn or Soros may be buying we never know. Icahn has an excellent experience in dealing with software firms.
We never know Ellison & Mark Hurd may be looking at this stock , we never know. 2.62 billion is a nice revenue with right sales team you can push the sales to 3 billion once the economy improves.
Dusseraha & Diwali are huge festive season in India. It is customary to buy gold for diwali. Lot of traders and wealthy families & politicians are buying huge in this down market. Also jewelry dealers are hoarding big.