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View Full Version : Investors dump Carbonite after Limbaugh advertisement pull


spursncowboys
03-12-2012, 09:44 PM
http://newsfly.org/investors-dump-carbonite-after-limbaugh-advertisement-pull/


Since the market opened on Monday through its close today, Carbonite stock (NASDAQ:CARB) has plummeted nearly 12 percent, outpacing the drop of the NASDAQ index in that same time period by nine-and-a-half points. It was also one of the biggest decliners on the NASDAQ on Tuesday.
CubanMustGo
03-12-2012, 09:51 PM
http://articles.marketwatch.com/2012-03-09/investing/31138659_1_share-market-small-firms


Or it could be that investors saw in the release of the company’s Form 10-K this week that nearly all of its gross profits, some $37 million, went to pay for sales and marketing costs
ChumpDumper
03-12-2012, 10:09 PM
So two wrongs make a right?

Probably coming up to a good time to buy CARB. It was taking a shit while advertising on Rush as well.
DMX7
03-12-2012, 10:19 PM
If you think that's why the stock price went down, then it's obvious why you're not rich.
spursncowboys
03-12-2012, 10:29 PM
Lol. Very good one DMX7. Always expect the forum to be classed up with your A rate posts.
ChumpDumper
03-12-2012, 10:30 PM
Lol. Very good one DMX7. Always expect the forum to be classed up with your A rate posts.Why was the stock going down before the ads were pulled?
spursncowboys
03-12-2012, 10:35 PM
the 10-k came out on the 7. The drop started on the 5th, a day after they stopped advertising on the rush limbaugh show. but yeah reaching 20-40 million people a week in 400 markets wouldn't alter a companies' financial future. You must be an Obama market expert.
ChumpDumper
03-12-2012, 10:38 PM
The stock has been dropping since last August. You must be the stupidest person on the planet.
coyotes_geek
03-13-2012, 07:59 AM
the 10-k came out on the 7. The drop started on the 5th, a day after they stopped advertising on the rush limbaugh show. but yeah reaching 20-40 million people a week in 400 markets wouldn't alter a companies' financial future. You must be an Obama market expert.

Reaching 20-40 million people a week in 400 markets hasn't kept their stock from dropping since it IPO'd. You're drastically overstating "the Limbaugh effect".

http://chart.finance.yahoo.com/z?s=CARB&t=1y&q=l&l=on&z=l&a=v&p=s&lang=en-US&region=US
George Gervin's Afro
03-13-2012, 10:05 AM
The stock has been dropping since last August. You must be the stupidest person on the planet.

technicality..