Hmmm... We closed at $1... I think this is a good sign. I am hoping that the assembly line snafu was a shakeout for weak hands, with more knowledgeable longs staying strong and riding out the problems. I'm still optimistic about the future of this company. Here's hoping we land another contract soon.
Here's another reason for optimism: If we follow the chart from the previous quarter, we notice a runup from .84 on Dec. 6 to $1.06 on Dec . 19...The stock began pulling back to the .94-96 range AFTER the conference call. In fact, it pulled back for six straight days before getting back over $1 and running to $1.30. The point? It took a week or so after the CC to get the stock rolling again. Deja vu? I'm hoping so!!!
Bottom Line: I simply don't believe that the assembly line issue is too big of a deal. I mean, it hurt us, but it's a temporary setback. There is too much good news surrounding the company and the industry for this problem to last.