I wasn't being starcastic....Ameritrade list a PE of 10.27. It was an honest question....why do they have a PE?
Yes I know it works at times....but we have seen profitable growing companies drop through all technical and fill all gaps and then drop some more.....and all that without even a market correction. CSIQ has a blow out profitable quarter and can still drop 40%. Ok...they are Chinese owned....but then SPWR announces Yieldco and drops just as much. Others companies in other sectors doing the same. 40% drops for basically no reason shows that no one can predict anything. I bought a boat load of CSIQ today with the full knowledge that anything is possible. Such a low PE that if it were to stay this low it would be trading at a negative PE withing a year. Gambling? Always.
I think you and I are too young to have the first hand experience of the basic cycles in the market. We are gaining that experience. But who would every thing that reasonable prosperous companies could swing this much.
At least as a penny stock Jim could have kept pretending that the solar cell was going to market and SLTD would have easily went up from 15 cents to 90 cents or so. Now they are playing with with the big boys and no one could care less about a panel installer that is not profitable....and has to dilute in order to grow.
You don't know that. The only companies doing well right now in terms of stock price are those with solid margins and huge profits. After a 7 year bull run absolutely anything can happen. Yes SPWR can go to $60....but it can also go to $15. Thats the real truth. Im only buying those companies that have already dropped like that even though they are profitable. ...such as KNDI
Negative is your own judgment. I have consistently bought more shares starting at 4.80. I originally sold at $5.85. I consider MIFI a strong buy. I am just saying that it doesn't make sense that a few hundred thousand shares are let go at this low level.
But obviously MIFI investors think otherwise.
Mark this post. Investors are like sheep. There is hidden news inside the company. Just normal momentum up and down. MIFI has a solid future. Worst case scenario is they get bought out for $6 per share.
Nothing really happened. All IOT stocks are down. SWIR is an excellent company with no debt and it is down just as much as MIFI......dropped in half from its highs. Its just momentum. Investors are like sheep.
I'm loading up on some under $10 stocks today. KNDI, GLUU, MIFI, MNKD
Small caps getting hammered
When SUNE did the IPO of its yeildco.....it rose only slightly....and then dropped 30%. Only to then double.
It takes time...but all in all the yeildco is a huge positive.
true.....but there are those who got uber exited as if we were going to set a new 52 week high today......you would think a couple of them would have jumped at this in pre-market. Only one small buy in pre-market. Even yesterday post market was better.
I own 1/4 of the entire volume today. Whats up with that?
I bought at 3.76 and am loaded. I thought this would be over $4 by now. Apparently no one cares about the merger ...yet. Come on people....put your money where your mouth is.
It may take 3 years...but SWIR is a $100 + stock.
But the article concludes that IOT stocks are no where near bubble valuations. It was an off the cuff comment referring more to how everyone is jumping in and in some cases creating products that have no long term potential. SWIR is not one of those.....it will either grow or get bought up at a much higher price.
Gonna pop any moment