The discuss on the Yahoo board is that 3.2 million shares are being sold as part of a previous secondary. It's not new shares.
I would have to assume that as soon as the seller is done, ALY is going to pop back up a point and then resume a slow recovery.
Getting back to 10x forward earnings is now over a 20% move. I wouldt think that's being too aggressive but then I look at how BTJ jumped over 25% in 5 days after bottoming.
I would think the next high volume, green close day would be a good timing signal to get in and assume the selling is done.
Until then - the only question is, where's the bottom?
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