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Mitek Systems, Inc. Message Board

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  • lxixmeth lxixmeth Apr 18, 2012 11:25 AM Flag

    How low are we going to go?

    This probably depends on whether or not people take the time to do their diligence...and whether a big investor wants to try to flush it down. I wouldn't be shocked to see it sub-$5 before all is said and done, but I also think once it turns around, it will probably shoot right back up to the $10-12 level pretty quickly. I've read through both companies' motions and tried to research the issues as much as possible, so my opinion is based on that. Patents don't lie, and USAA just comes across as a bitter ex-wife in their lawsuit. It'll all be resolved in time, IMO.
    Disclosure: I bought a small position just north of $8 and will add to that if we see $5, unless it just blows through 5

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