IPO's at $20, bumps up 15% 1st day to $23. Crashes below $8 1 1/2 years later. WOW!!!
Anyone else find the Yahoo boards unreliable and a bit complicated to navigate? Tried posting this yesterday another one of your posts but relevant here too. Let's see if this works today.....
Wise words, thanks for your comments Corey. I agree that a short squeeze shouldn't be the main reason to invest your hard earned here. It should be an 'O' in a SWOT analysis, but I see other more fundamental reasons for buying in. Perhaps you're right about holding this stock being a bad idea (I'm not experienced enough for options trading) but I do think the company can profit long term in this market though.
Main reasons I invested are - Continual revenue growth. Growth of overal market for headphone accessories.Strong brand awareness and established place in that market. Investment in new regions (Europe) which should pay dividends in time. Attractive valuation multiples. Company carries virtually no debt.
Sentiment is against this stock right now, shorts in control. Long term I see value winning out and at $8 more upside than downside here IMHO. BUT If growth starts to slow significantly then I'll get out.