This is just the nature of small-cap stocks. Unfortunately/fortunately. Take advantage of this behavior by buying when it falls irrationally low and selling when it seems high. I'd recommend taking kind of a long term approach to that though, The short term ups and downs are pretty much impossible to predict (despite what the "chartists" claim).
I'm sure he's well aware that when there's an irrational $7 drop, it's not out of the question for a short term drop of a few more dollars.
That's incorrect. SWIR has had a profit now for at least a couple of quarters.
I actually think that staying around $8 today is encouraging, considering how the rest of the market is today.
As long as the dividend remains, I still feel pretty comfortable about the shares I bought around $6.50. Of course it would be nice if they actually found a way to unlock some value and grow the share price a bit, but that would just be bonus.
Idiot "chartists" temporarily drive the share price down (i.e. give you a long-term buying opportunity) and you blame the management!!???
Good luck day-trading, however, I'd heartily recommend Vegas instead. At least there you'll get free drinks while you lose money rolling dice.
Based on after-hours price action, I'd say the market is asking the same question (although not too critically)!
Basically playing "masters of the obvious" and confirming that the share price being taken to the woodshed yesterday was just "chartists" playing their games. This is one of the frustrating things about small caps. Also can be played to one's advantage, though.
What are you talking about? It's been a roller coaster this year... not exactly what I'd call a "run". Now the past 2 years is a different story altogether.
Yes, truly horrible that last CC wasn't it. And the whole point of a stock is "action", right? It isn't actually a share in a company or anything. "Chartist" stupidity never ceases to amaze me.
Can anyone think of a rational reason why share price should be down more than 25% compared to after the last ER where they reported that things would pretty much be going exactly the same way that they are right now?
(In case it wasn't clear, the request for _rational_ reasons means that the blabbing of the snodowche and the pancake f^&%er don't count).
...things would go pretty much exactly the way that they're going now. People were so impressed that they drove the shares up to $45. Now that that prediction has materialized, shares drop 25%. Gotta love small cap irrationality.
It's entirely possible that the price on Friday was based on the expectations of a blowout, in which case a price drop is justified. On the other hand, it was higher than this back in January, when they projected that results would be exactly like they are now. Just be patient. Long term, things still look fairly good.
It's easy to catch the cyclical lows: you just look for the "rat's #$%$ pattern" in the chart and keep your eye on the 66.6 DMA. It's 100% predictable. Just ask some of the resident "chartists" on this board