dow, I'm sure you will correct me if I am wrong, but didn't you buy in at about $5.40 something? That would put you down about 5% in just a short time. What could you have been thinking about? You more than most people--and certainly more than the Village Idiots on this board--know this company's shortcomings. Horrible pricing model, opaque metrics, misguided litigation, etc. etc. You know that mobile photo bill payment is a complete non-starter, so the best that I can figure is that you think mobile account opening has some legs. Is that it? Puhleeeeeze. MPAO is another solution in search of a problem. I think you made a bad investment a few weeks ago, and you are going to pay for it now. As the VIs like to say....JMHO. LOL, as if anything they say is ever humble or factual.
Hi Orioles, Yes Mitek has issues as we both know. My short term bet is that upcoming earnngs will be ok but YOY comparisions will induce the lemmings to jump in resulting in an opportunity to make some money. The possibility that Mobile Photo Account Opening will find a home at a FI is pretty good even if on a trial basis. This newa will drive the stock price even higher. After these events I will reassess the situation.
". I think you made a bad investment a few weeks ago, and you are going to pay for it now"
That is exactly the same garbage you were spewing when MITK was $2.50.
Unlike you, dow is smart enough to realize that Mitek is going to triple it's revenues within a short period of time. He even did an analysis and predicted that. And that was only based on the Mobile Photo Deposit business. Whatever MPBP, MPT, MPAO & MPIQ bring in is pure gravy.
Now you better go. I think I heard your Mom call you upstairs for dinner.
None of the analysts covering the stock are predicting tripling of revs in the near future. The reality is this company is losing alot of money every quarter with no end in sight. Every metric for determining the company's value is negative and all the analysts covering the stock are showing heavy losses thru 2014.