toldyaso: my guess (and it is just a guess) is that Cannell is trying to get its position below 5%, as they would no longer have to report changes in ownership at that level.
They have definitely taken big losses, if you look at some past filings and calculate what they must have paid when they were acquiring shares. They clearly have owner fatigue, even though by holding now, they almost surely could sell for a much higher price by the end of 2016.
But it does look like the relentless dumping, at whatever price is available, has ended. Now, it appears they are only selling on upward spikes, and not driving the price down with their sales.
I agree-- Q2 earnings will be interesting, and should prompt some new buying.
Would also love to know what CEO DuBois said at the Cantor Fitzgerald event earlier this month. Whatever he said, it must have been something juicy, since the price jumped about 80% before settling back, and the trading that day was about a months worth of normal trading. A huge spike in trading the day of that conference.
