Hello Gang- It has been tough to watch ATHM drop every day. This stock is really trying my patience as a long. Still long by the way.
Several have commented on reasons for the drop, i.e., options, open access. Someone even mentioned next week's report. Personally, I smell a rat. Do the big boys know something that we don't? Is it possible that earnings will be at best "in line," or worse, below expectations? Is it also possible the subscriber numbers will be "ho hum?" We may be the last to know. I don't like being in that position. I may be the last person to know when a colleague is pregnant, but I want the earnings news the same time as every other investor.
If next week's news is great, it's been the best kept secret. If it's lousy, or mediocre at best, we've been had.
Prior to the last earning's report, a reporter or analyst came out and was RIGHT ON with the subscriber numbers. They hit it on the head. How was that person privy to those numbers? Was it just a lucky guess? I don't think so. It was leaked. Have earning's numbers and other important data also been leaked? It sure makes me wonder as I sit here in a state of paranoia.
I look forward to other thoughts on this, as I may be way off base in my assumptions.
Take care, All. Surely there are better days ahead.
Ed |
