Let me set you straight....This is a company that has done nothing but lose huge amounts of money since its inception. Six days ago the stock closed at $2.55 on a whopping 70K volume. Although their ER was better than in the past, it still sucked HUGE. Day traders jumped on this and drove the price to $15 when it topped out. Today's fluff news drove it back to $14 where it promptly retreated and gave up all the gap. There is no where for this turd to go but down now. It can't go any higher. This is STILL and money burning non profitable company, worth no where near even $5 per share at best. If you have profits, TAKE'EM..if you have losses, CUT 'EM!!! PERIOD.
This is a company that has done nothing but lose huge amounts of money since its inception. Six days ago the stock closed at $2.55 on a whopping 70K volume
I agreed with you to a point. This company is not making the kind of money to justify a increase in the PPS from $2.55 to over $16.00 after an offering of $4.00 ! There is very little information of this company because no analyst is following it and most buyers are buying on emotion only. When stocks like this crash they crash all at once with no time to get out, forget "limit" stop-loss you get out with what you can . Wait untill the "shorts" control the PPS.
On the other hand this could be the ground floor of a good company that may someday be worth $100 PPS that will be supported with FACTS and a track record and not RUMORS. I think the 4 bucks per share that was set by the offering from people that know far more than you and I was the true value of the stock and the Earnings release was good for maybe a 20% pop for a toal of $4.50 a share. Good Luck to all, I hate to see anyone lose money.