Anyone who promoted ARMH without a serious health warning was being irresponsible. Today the bubble has truly burst and the air will keep leaking out over the next few days/weeks/months to leave only the true longs in the stock.
You can't fake results and like I noted last year its income was of too fragile a nature (lumpy licensing, slowing down royalties) to sustain such a lofty stock price. I gave it 1-2 quarters and so it has proven. I did not waver from my long held view that that stock was anything but a sell despite naysayers telling me otherwise. I feel sorry for the guys that bought over 46 as they were all mislead by the hype.
This stock has never been manipulated, Pickens is too cheap for that ;-). I wish I did get paid for posting here like you falsely claim, I must have done the full time work of a PR representative and better over the years ;-). As to IMSC, it reflects on your credibility and judgement, the board clown, who seeks to lecture us with your inane ramblings and is therefore relevant to any reply with you. It shows you are completely useless at picking companies and stocks and lecturing us on any subject except your gross arrogance and stupidity with which you are intimately familiar with by now.
This stock matters a lot more to the market (and satellite processing world) than your useless me-too but ten years late IMSC does. The world does not need IMSC, its function is already provided by Smiths and Morpho but the US rocket launch manifest would experience serious delays if ASTC was not there to handle peak volume. Also this company has a unique mass spectrometer product unlike your me-too but 10 years late simple dual-IMS product. I have never seen so many naive fools get so excited over such a late and unoriginal product like all you IMSC suckers. Let's also compare trading turnover in the last 3 months, at 3.23 * 566K avg volume the market cares 13 times as much about ASTC as IMSC's 0.79 * 177K avg volume shows and still IMSC is grossly overvalued at a fully diluted market cap over $100m with $50m debt which means the market is valuing it at around $150m which is a joke pretty much like you
The reason this stock is down is all stocks with liquidity (i.e. not IMSC) have been taken down by the WS manipulators who because they did not get the 'correction' they put their bets on are going to engineer it anyway like the big crooks they are. Hanging is too good for these useless parasites. Anyway support held yesterday and should provide a good platform to advance up again if the crooks can leave all the stocks alone to their natural devices.
This looks a serious piece of scientific analyzing hardware which I suspect has a lot of value-add in the six figure price
The bottom line still is that in mobile markets there will be 14nm Intel chips this year to buy while foundries will be at 20nm and in 2016 10nm Intel chips available to buy while foundries will be at 14FF/16FF. I have specified to buy to cut out all the tape-out/sampling nonsense dnenni uses to imply foundry progress is greater than it actually is.
'I'm talking about SoCs not microprocessors'
Irrelevant semantics as the 14nm Broadwell Y tablets chips are earmarked for early on the 14nm process so should show up later this year. These are chips that will be same size as the best ARM chips, same thermal profile yet perform 2-3 times better. There is no doubt in any sane impartial observer's mind that the foundries are consistently at least one generation behind Intel in silicon process technology in any given year and that just is not going to change for the foreseeable future no matter how many times you click your heels and wish it so. You can pump up the foundry ecosystem with your writings but only you and the foundry ecosystem really cares and you guys don't buy the chips and drive the demand.
'I wish you could block people on here.'
You can. Use the 'Flag' drop down button after the post timestamp and click 'Ignore User'. I must admit he provides too much entertainment for me to ever dream of ignoring him ;-).
Bump for the idiotic inane Tard Queen so he can see how it's really done rather than just guessing like he does using no fundamentals, using no TA just his stupid wishful thinking which has also led him to that money black hole of a stock called IMSC which has not yet finished eating his money, no it's only just getting warmed up in that respect.
I said 'This stock will hit $4 later this week and IMSC will drop below 80c.' and was 100% correct on both.
You said 'I'll bet ASTC goes sub-$2s before it goes over $4. Probably happens tomorrow. ' and was 100% wrong ... again !
So no change then in our predictive skills ;-). You have not made one prediction EVER that has come true. I rarely make one that doesn't at least not eventually but usually in the timescale I quote.
Neither, it's the price today at which the stock afterwards will have natural upward momentum. Still needs to be reached first.
It was a different company then, Spacehab (SPAB) , with a different business model, Spacehab modules, that retired with the Space Shuttle. 6 years ago this was a company with $60m debt, 200 staff and facing certain bankruptcy and delisting as its main business model, space shuttle spacehab modules, had just died. It's only real asset was the successful profitable but smaller satellite-supporting subsidiary Astrotech. Pickens then convinced $52m of the debtholders to convert at around $5 (50c pre 10 to 1 reverse split) with the hope of the new Spacetech initiatives while keeping all the original shareholders whole. This multiplied the number of shares by a factor of 10 which then got reverse-splitted 10 to 1 to remain on Nasdaq as the price had then dropped to 20c i.e. now $2. In the end there was so little of the original company left that Pickens decided to reflect reality and rename Spacehab to Astrotech and the ticker went from SPAB to ASTC but the shares are still the same shares so there are ASTC shareholders who originally bought them under the SPAB ticker. Pickens joined in 2007 to basically rescue the company from impending bankruptcy.
Crazy day in the end, stock still finding its feet after ping-ponging between 3 and 4 a few times in a week ;-). Tomorrow I suspect an upward trend starts that will keep accelerating over the coming days.