How does wildly profitable company that has never lost a dime, consistent growth and always meets or exceeds expectations, get hammered for over 50% of its value in 3 months. Just doesn't make sense. The conference call will be more of the same....exceed expectations, continued growth. So how does this IPO darling of 2005 get back to the original strike price much less back to its all time high?? I bought at the strike price, watch it go up, was shocked when it tanked! Maybe I should be buying more!
Already in way deep on NEOM... market potential seems insane there...with the recent Scanbuy settlement and Neustar deal....I can only see NEOM stock going in one direction,,,chart is starting to indicate that now,,,hopefully it continues...2010 should be the blow out year for 2d barcodes in the U.S....The anticipation has been building for this for the last 5 years...Scanbuy settling might have finally sent this off the launch pad..
Well, they did blow 150M on the NGM disaster. I hear from inside the co that they had a mass layoff within NGM. I think the new handheld web capable devices will leave NGM in the dust. Perhaps they should cal it OGM??
I agree. A company that has solid revenues, no debt, a long term contract for number portability. The only thing i can figure is 95% of the outstanding shares are inst. owned so 5% is in the hands of day traders and small investers, so 5% are controlling the price. Beta is .64 so this stock should be less volatile than the greater exchange. I have this stock in my portfolio, bought at $22.5 back in the summer, added shares at $15 this fall to offset. Should be back in the mid $20's once the market stabilizes.