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.
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.
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