Their balance sheet is good in that there is no debt. BUT they are down to 50 cents a share cash and projected to still show loss for next year. All in all, not so pristine a balance sheet considering losses all next year.
I told all you idiots! Covered at end of day at 6.05
Thanks for the easy money. Now, please run it up again so I can re-short.
I know it's time when I see all the bullish posts here. ARIA is now overbought RSI, been up 6 days in a row which is rare. I'll short more and in heavier volume at each dime up, next short at 6.5
When I see posts like this, I know it's time to start shorting. The chart WAS good 5 days ago. Now it's overbought and ripe for a fall.
What you are missing is that nearly half their remaining cash will be gone in a year. They have a high burn rate.
Trading under current cash would be more impressive if their burn rate wasn't so high. In a year, nearly half their cash will be burnt off.
Yes, volume is drying up which means everyone who wanted to sell has already sold. That means it can only go up, which is what happened today despite the fact that there was "bad" news. This is going up.
I wish it would go to .35, then I'd really buy big. It won't, at not in the next year, it's not going that far under cash.
They aren't going bankrupt imminently. Lots of cash and other indications to be persued. This is a buy now below cash and a bounce IS coming. Not to say it can't go a little lower before that bounce, but in that case I'm buying still more.
Better question is are there any longs left to put any more money into this? Where does the money come from to pump it up much higher? I'm waiting for volume to start falling off to start shorting.