I have a strong feeling to jump on MM at the current price its trading at 38% discount right now just because they missed an estimate I mean its not like the company declared a loss they still have some profit so in my opinion this will adjust after today's hype and regain some of its value making a possibility for a quick gain. what do you all think?
totally agree!!! Wall Street manipulates so can buy in low....I took advantage and bought 1k of MM today as both MM and Velt are cheap...and in no time all will be whinning why didn't they buy in too when they both skyrocket....both are doing fine as market is new and exploding which makes it hard to accurately estimate....growth is there!!!
With questionable macro-economic news afoot, I would wait. I may bounce again, but it would seem to be really vulnerable to any bad economic news. The only thing that I can think of that might make it recover quickly is the announcement of some major deals... which seems unlikely given mgmt's outlook. So I'd just let it settle down... no hurry.