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No. of Recommendations: 17
My 2 cents on AYX

- I don't understand the accounting details, so I'm not going to try to comment on that. However, I'm quite confident that Wall Street has full understanding of the accounting points you brought up, and they sold it down from $170 to $120. The drop is so severe it could not possibly be from typical MM manipulation.

- IMO this will be dead money for at least 1 - 2 quarters until funds can see if things turn back up. I think it's likely to fall further because I do not think there will be much support for it. Funds will try to slowly unload and the price will probably drift down. Also, we are far enough into the year that this could become a prime "tax loss harvest" target for any funds that bought it higher.

- With continued health, economic, political, and international uncertainty, I think many companies are going to continue to limit expenditures. Many companies are still just trying to make sure they survive to the other side. From what I have read, AYX products are something that is in the category of being easy to delay for now. Even if there is a ROI, some companies efforts are so focused on survival they don't have time to test/implement something like this in the short term.

I only had a small amount remaining of AYX, and I sold it all the day before earnings - mostly based on concerns I saw raised on this board. I am waiting to see what happens in the next few months. In the near term, if it drops to what I consider a "great" price, I will buy a small amount (or do something with options that I can't specify because I prefer for my message not to be deleted).
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