<< strong support yesterday >>
On one hand, I will give it to you. After the numbers were announced I expected this baby to hit $5, with further downside followed next week. So in that sense, I guess ALYD held up OK.
But again, Tech...don't keep grasping at something " just because it's there ". Lets face it...in any situation, no matter how bad it is, one can always find something positive to hold onto. Thats great if your floating in a raft in the middle of the ocean.....but not if it clouds the reality of a situation in such a way as to effect you in a negative manner. And that is exactly what is going on here.
The reality of it is :
People expected better numbers and they did not deliver.
ALYD suffered yesterday...down 8%+, when the market had a great day. A GREAT FRIDAY.
ALYD, normally see's a little pop before earnings, yet ALYD has been sideways or down...while the market has come back very nicely, with up day, followed by up day.
The company failed to answer many questions
and etc.....
yes, you can grasp the postive..which was that ALYD rightfully should have dropped more yesterday...and didn't.....but really, how positive is that ?
Before anybody comes back to me with how down I am on ALYD...please remember my opinion has remained relatively unchanged since day one, whether I was long, or just watching from the sidelines. My concern now is watching everybody look at this with closed eyes. As Robert said...everybody...will be better off if things are discussed in an open and serious manner.
Regards KG4 |
