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$SPLK idea

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the stock was punished today, but looking at the daily today candle is a doji, so sellers and buyers battled but no one won the battle. from analysis perspective, the company has a solid product with no competitors, and all their customers appreciate the product. A reason for the earning is that they increased the price of their products which apparently back fired and cost them current and future business, maybe they can go back and offer discounts. I see long term the stock going back up to $200 especially none of the tier1 analysts downgraded or adjusted its price target.

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