I bought my shares when it dropped 40% and was planing for a quick gain but I had to take a small loss and get out. This stock does not look good at this time from any standpoint. The chart has just formed a Head and Shoulders pattern which points towards $4 or as low as $1. The number Class Action Lawsuits initiated and management dishonesty make a case for no short time hope. It might be a really good investment after it gets beaten up to a $1 or 2 and than wait for a recovery. For the time being I wouldn't risk my money on this stock knowing that there are much better opportunities out there.
Head and shoulders formation...do you not realize how stupid that sounds? Cause a stock with $5 dollars in cash no debt is really going to trade at $1. You'd best ensure your head is upon your shoulders pal.
Yeah, keep dreaming by the time all the law suits are done they will be $1 billion in debt there is no such a thing as accounting mistakes for so many quarters without intentional purposes to ride the stock. As for me I'll stick with the sure thing Apple, Google and Amazon will talk about the shoulders in couple weeks when I'll be buying this stock for $2 a share while you will have no money left.
You'll be chasing the stock up soon. Sorry you didn't have the stomach to hang around, but in reading your post, you're obviously a worried as Hell short right now and I can't wait to see you chumps all scramble for the exit at once. Good luck with that.
you're right I don't have the stomach for a stock like this, way too risky. I don't have the stomach to short any stocks either which is why I've never gone short. I didn't mean to talk the stock down or anything, I have no interest for the stock to go either way but what I said is what it is whether you and I like it or not.