First, today is typical PRST action for the last few months. Drift down a few points, get a sharp recovery recovering most of downside, drift down some more, get a recovery to recoup part of loss, ....
Olu or Loren can do a better job of the TA than I can, but all the indicators I follow are still negative.
If the SEC settlement or a 6 point rise for the Fuji deal didn't restart the stock, what will?
I don't need to look into the details of the suit. The fact is the SEC fined two members of management for either purposely misleading investors or negligence in not knowing better. Neil, they published sales projections that were substially higher than their internal goals. They knew (or should have known) that what they were doing was very misleading to the shareholders. It wasn't just the number of DI units that they exagerated, it was the expected plate sales per DI. If that is ok with you, there is nothing I can say.
<Your claim that: "I know that is what institutional investors are thinking." regarding "management misleading investors" is very irresponsible and indicates you have been in touch with mutual fund managers and their investment advisors.>
Boy, isn't that the pot calling the kettle black!
But you are right, I apologize to all those that thought I had contacted institutional investors, mutual funds, etc. I did not, that was speculation on my part and should have more clearly state such.
Brent |
