I posted my technical analysis on this stock in my blog site at:

http://elliottrades.blogspot.com/

Read my analysis to see why this stock is going to be in a down trend.

I will be updating my blog regularly to see how this is progressing. Check this and my other analysis and post your comments. If you prefer to get future updates, click on Follow button.

By the way my analysis was done few days before the financial results were out. This is nothing to do with that.