Sad indeed. I actually bought a few shares yesterday with the "hope" management had something up their sleeve AND saw a perfect "doji" on the monthly chart. Only thing they had was more guidance down. Read the rules pertaining to a doji formation. This stock will fall to a $1 within a week. I'm afraid it's inevitable that they are toast.
note: just as I post this the stock just took a serious nosedive. Looks like management is trying to get their last remaining money out of this POS.
Omg......what is the big deal? Did anyone expect big earnings this Q? Still have cash and huge business to come next year.....lots of positives from the new chip news and new customers in korea,just keep buying cheap and hold for the pay day.
I agree plenty of cash, No debt and next year will be a big year for them. Yes its taking a bit longer for LTE to really kick in but when it does it will snow ball big time. I am holding my shares here.
I would say the sad part is you call it a POS in the same paragraph you state you bought some. If you want to call something a POS that has no debt and plenty of cash on hand. Then I will buy a POS all day long.
Disappointing report and guidance. I thought for sure they have more visibility into when their lte revs kick in. You can't keep saying "next qtr"..."next qtr" and then not deliver anything, let alone a guide down. I also feel its a 2013 play but Folks just aren't going to hold till then giving SQNS's failure to produce any meaningful revs. I think over the next qtr, with tax loss selling, SQNS could see under $1.00.... Hate to say it.
I truly hope you make money on this "one day." I don't know if you work for the company, or simply an investor in this stock, but you've been grandstanding this "POS" for over a year. It is what it is.