Here is some reality, like it or not. ATEA's financial quarter ends next Wednesday.ATEA has not, I repeat "HAS NOT" announced any kind of license big agreement this qtr. That is an undisputible fact!Thus, no big "one time" revenue boost like last qtr AND no incremental maintenance revenue.So basically the upcoming quarter results, which all the short squeeze speculating longs are betting on is gonna look pretty shitty, just like the December Qtr.Unless the CEO of ATEA goes out this weekend and gives an award winning, lip smacking, sloppy blowjob to some huge enterprise customer to get him to sign a license deal by next Wednesday.......This stock is headed back below $5.Gonna be fun to watch.Regards,Benjamin SchmuchatellyJunior Peon Financial Analystp.s. The people At Leviticus aren't stupid,their cost basis is about $3 per share. They are beginning their bleed of shares to the gullable speculators. It started today and won't end for some time.
I'm not sure if it goese to $5 in the short term, but I want to know if the 50 DMA would hold. It must test that first.Longer term, $5 maybe in the cards. Software companies always go through cycles. All it needs is a disappointing quarter. It would drop so fast, just as it jumped up quickly.
I'm afraid you are right, this sell off is probably in anticipation of disapointing numbers to come. And Leviticus is beginning to unload their boatloads of $3 shares.