Cyan Inc. (CYNI)

[the_dow_bum]

You're right smiley, volume is almost back to normal -- implying selling is drying up.

That is half of the equation for getting a bounce, with the other half being some buying. Without any further news from the company, the only motivation to buy (or to cover a short) is the oversold condition and that will disappear soon. I would like to see a bounce to $4, but I'd settle for just staying between $3.6-$3.8 until that Feb 4 earnings report. Short covering alone won't bounce this stock since CYNI has a small short interest (1.23M as of 12/13 out of an OS of 47M).

For a real WAG, I've seen a lot of these bad news bears try to get a little lift before the ER with a positive PR. The bad news on the rev miss is now factored in, and a little PR on a new customer or contract would sure go a long way in dulling the sp pain before earnings.

GLTA

-the bum