|Once again, AMSC has proven that an investment in it's shares is like walking in a minefield.. |
Stock closes at $7.70 and then they release earnings, and we see it plunge after hours to below $5..
Even taking into account that they sold $2.5 million (379,693 shares) from their "ATM" sales facility at a price of $6.58, folks are taking a bath tomorrow..
All I can say is "ouch!! That had to hurt!!" But then again, sometimes buying when their is "blood in the streets" is the best strategy..
Disclosure. I have no position, but considering it in light of events.