Been waiting for a MB. bought at the IPO and bleeding
What is wrong with all the target price of $20 ? They got a lawsuit already in the first 60 days after IPO. volume is low and no interest. It will take a while for it to be back up to $14. Patiently waiting.
I agree I see this stock moving below 8 before rising above 14, and if next quarter earnings are not impressive expect this to potentially fall a lot further given the fact that I have not really seen a real floor for prices. I can think of many ipo's that started at a $20 and $30 and now trade for less than 1/20 of there ipo price (augt, a123, velt, trit, abat, ren, ect ). Think about it in 2000 there was over 400 new ipos all of which are almost not existent as of today. There are so many companies that go public so that the large investors can get out. In the cause of many ipo's all the growth has been tapped so the next step is to sell the company off to the public in hopes of more growth.