It just breached the 50-DMA support intraday. Now we'll get to see how much enthusiasm investors really have for this stock. Traders will be closing out their positions if it can't retake and hold the 50 this week.
They finally issued a proper press release -- 72 hours after the new symbol was actual activated. Wow, these guys are really on the ball. Scary.
This management team is out to lunch. LoL! Not surprised.
Meanwhile, portfoliomangler keeps scratching his head. He can't believe it's going the wrong way, and can't understand why. Hahaha!
If you're lucky to get a $1.00 bid.
Just take one look at the chart and take a deep breath before the trap door opens. This thing is going down an elevator shaft.
Same retort after your $5 prediction after the LD dog & pony show. How's that working out for you?
Now their heads are on the chopping block and waiting for the panic to start. There's a lot of dead air in the chart between $0.50 and $1.20. Not to mention a gap to fill at $0.65. Repeat - there has been NO healthy consolidation in the chart between $0.50 and $1.20 that would have served to provide a support level. This thing could get sucked down into the black hole with one bad press release!
He declared this stock as "poised to triple" over two years ago! So let's see -- has it gotten any closer to $18.00 yet? Oh wait -- an even better question -- is this stock any higher at all after Gomes recommended a strong buy at $6.05 over two years ago? What a loser pick this was. Just like all his other loser picks over the past three years. GLUU, DLIA, AERO, MATR, FIT, ITMSF, etc.... all massive losers! Nice job Mark! Good thing you bailed on your paying subscribers when they needed you most. Real class act you are.
Oh yeah? Let's see if GAAP eps is positive when they report consolidated earnings in Q3. I have serious doubts, considering the CEO made a point of refusing to give any such guidance at the LD Micro dog and pony show (the one that you said would catapult this stock above $2.00 and never look back - LoL!). If these guys had any visibility into future EPS, they would be shouting it from the rooftops. Learn to read between the lines of penny junk stocks before you lose all your money.
I wrote #$%$" rally, but Yahoo censors three consecutive K's (so I used hyphens now).
As for the P/S ratio, which seems to be the only metric you're using to hang your hat on -- I argue that that is the wrong metric due to the high debt/cash ratio. You should be using EV/sales to incorporate their $12+ million debt. Since you constantly overlook their debt, you come across as a disingenuous pumper to any objective observer.
The first test of the 50-DMA since the XING acquisition is coming up soon ($1.61 and rising). As early as next week, the stock will get its first real technical test of mid-term strength. Too bad for the bulls that the timing coincides with the Q2 earnings release which will be underwhelming at best. Add to this, the fact that management already tried to juice the stock and the market responded with a yawn when they released misleading June sales growth figures. It looks like these guys are all out of bullets. A perfect storm is brewing.
And Mark Gomes fell for the PR hype for the 5th time. Is that guy ever going to learn? Obviously not. See you guys back at $0.15.
I never shorted Facebook. However, I did hold puts against my long position as a hedge at one point. I am out of FB for now.
The Bucha brand alone was not worth $0.40 and is still not worth $0.40. I was right about that, and am still right about Bucha. Now that the company was lucky enough to make a one-time acquisition of two additional brands at a seemingly good price, the stock is worth a little more. But not $1.50 more. Not even close.
Only 11 months left to reach your $5.25 target. Are you getting nervous? That wall at $2.00 was built to keep out dreamers like you. How does it feel to be on the other side of a wall, Mr. Trump fan? LoL!
I don't know why portfoliomangler keeps coming back to this board just to get his face smashed in again and again. He really is a glutton for punishment.