I like how all the wallst artists like to use those words...lol. They never seem to have any "tail winds". Just as I expected from what I think was inside info trading on 4/30 and 5/1. Suspect the only thing that will hold this up for awhile is the buy back. But long term, I still think this is a buy as low as possible for the next few months.
Appears someone or group dropped it hard with info that public does not have...yet. This could be a setup for a significant hit on the upcoming QT release. Someone may be trying to shake the tree based on good news coming, or the other. Just a guessing game for us that do not get to trade with inside info, but I expect the worse. Hope I'm wrong; this company seems to have great potential for significant rev and profit growth.
Are the MM(s) and management the main shorts and manipulators? Otherwise, I don't see how the shorts could cover so easy.
Stock was $5+ then. If not, what a deal it would be to used that amount to buy now.
The controllers of this stock have developed a continuous penny money making machine..lol
Just when you think you have it figured out, they will re-program.
A great bargain just like SPWR and FSLR were about 1-2 yrs ago when wallst was down on them. This will easily recover to the $10-$15 range in next 18m or so...imho.
Oh well, I plan to hold at least 18 more months anyway, so it doesn't matter. Just have to control myself and not buy a bunch on the pumps, but maybe again after the dump. Something big could be coming.
See no news. The existing pipers and management already own most of the stock so I guess they can make the pps be whatever they want. It is nice to see it up some.