Looks like it has now. I thought Friday would be the bear day. Next week should be interesting. This will be a good train to ride.
4 analysts say,,,, strong buy.
Book, my take,,,, We should get one more attack to drop the share price for shorts to cover. That will be the time to be all in. $$ WILL come. Trying to explain the initial attack is fruitless. IOT got shorted.
Mel, you are dreaming if you think tons of money was made on this BEAR RAID. It was a fund thing. Peter robbing from Paul andvice versa. The big money will be made by those who used this raid as an opportunity to add. Forget the BS and listen to the Q. MIFI will succeed and be big. If not big, be bought . Alex and the team has the eye of the tiger.
To me it is a no brainer. Especially after listening to the tone of voices on the Q. Alex knows what is happening to his stock. He has, I am sure done the same. We may get another push from shorts. Load up there for sure. If not enjoy the ride ....... In my opinion, anything 4 and under isa gift.
Remember, there was huge buying at around 3.3. Ithought that was the bottom but not so. There is a hedge fund out there that does not like our CEO. No big deal adding in the2's is fine by me. Lots of money to be made here.
Overvalued???????? Please, look at Netflix. 225 pe!!!!!!!!! MIFI wasnot overvalued . It is a spec stock that should be sitting at 6 right now. We got hit with a bear raid. Plain and simple. READ the info they are putting out. This Q will be a growing Q. Maybe not great, maybe great. At some pt. Mifi will hit the teens or get sold. Not to far off.
Thesharks came and fed well, now, Swir and Mifi are fish in the barrel for the little fisherman. We are done for a while. No help by Alex going on talk shows saying IOT is fragmented and basically the right hand is not connected to the left. Looks like the last big $$ trades were around 3.33. So, we are overcooked by 15%. Pretty easy money to be made here for the turnaround when it happens. To me, anything under 4 is a win. Good play by Alex going international on Fleet mngmt. I go there and the opportunity is huge onthat alone.
Sentiment: Strong Buy
We are down to the area where the big boys of this Co. put $$$$$$$$ into it. Can't see them allowing it to drop any further. If we are aggravated, how do you think they feel.