I dont think so but it was hyped throughout the internet finance forums, thats when i said its over...
Well, it seems like those things are half pie in the sky and half doom & gloom. In any event, this stock is not exactly toast and still has a good vision and business plan. The new hires will have a strong incentive to do well to get the stock price up when they become vested for the stock options.
Maxx, feel your pain and stupid for not taking some off the table or underpinning the risks. I sold all at the open and lost a nice chunk of paper money I wish there was more I could have done..if I had woken up sooner I could have maybe bailed out or if if if if I wasnt expecting a premarket collapse. Fortunately, I got in at 5.2 but I know there are many people who probably bought in the last month or this week who are staring down a 30% loss. I made most of my money in the past 2 months. And all gone pretty much except for the gains between 5.2 and 6.09. Am I mad?..no thats not the word Gutted is a more apt description. Dont trade more than your willign to lose.
Don't tell me you were not warned as to how this will end. http://www.elitetrader.com/vb/showthread.php?s=&threadid=68608&perpage=40&pagenumber=4 10-05-06 12:41 PM I will tell you how this will end. Herb Greenberg or someone like him will write about it soon. It will gap down or trading will be suspended and lot of fools will be left holding the bag. It always ends that way.
It's only a loss if they sell. Still showing strength at 6. A couple of decent acquisitions/announcements and it could return to the 8's. I only sold what I did to protect capital and so far, I can buy those shares back for the same $6.