Another possibility is that there is
always a date when those who got to buy early in the IPO and
management who were gifted or had a chance to buy early stock get
to start cashing out. That day could have been reached.
Forbes
On 8/9/2012 4:25 PM, Jack Unger wrote:
Could be multiple reasons for
such a sharp, instant and unnatural drop.
1. The reason the trade press gives often is not the real
reason but a cover story intended for the masses.
2. Manipulating the price of anything these days (stocks,
gold, etc.) can and is done by any entity through leveraged,
computer-programmed buying and selling.
A drop as steep and as sudden as UBNT says that either
a) A huge number of holders of the stock all decided to unload
it at the very same exact instant (the chances of this are
little to none), or
b) The price was manipulated downward intentionally. I have no
idea who would want to do this, right? UBNT (and the WISP
industry) have absolutely no enemies, right?
--
Jack Unger - President, Ask-Wi.Com, Inc.
Author (2003) - "Deploying License-Free Wireless Wide-Area Networks"
Serving the WISP Community since 1993
www.ask-wi.com 760-678-5033 jun...@ask-wi.com