Thanks, Mardy. Unless you need the money any time soon, the only thing you can do is laugh. Or buy more.
ALA's bottom? I'm afraid I don't even have a guess. It seems to be trending lower throughout the day. What's the next major chart support? That could be a clue. When a company warns, it usually continues to get hit for a while after that, or at least that's been my unfortunate experience. And size doesn't matter (it's true what they say!) -- look at ORCL or CPQ last year, they kept drifting lower. TLAB bounced back right away, but I think the market oversold them to punish them for the poor timing of the announcement, during the CC after some really positive news (the end of the CIEN deal). So I'm afraid to say I don't know, except that I would expect it to continue to move lower in the short-term. I could be wrong, however, and missing a great buying opportunity, but the pattern is usually a big sell-off, a one-day bounce, and then drifting lower. Good luck to you.
Paul "Buy High And Cry" Shread |
