Best of luck to all longs and shorts. I hope everyone had a nice Thanksgiving last week.
The stock is oversold by almost every technical measure. It's making higher lows for the last two days so it could be forming a near term bottom. We could get a positive MACD crossover on the daily chart over the next few trading sessions. The ADX line is still extremely oversold at 53 which can lead to a reversal higher. RSI is 16 odds favor a bounce at that level. Much of the float has turned over in the last month.
This could be a good sign technically for next week. Stock might have a nice bounce next imo. Its trading at a very low valuation . 20 million market cap. Best wishes to all longs and shorts.
Stock is down 85% from 52 week high. Down from 3.00 to .69 in four weeks. Could have a nice bounce in my opinion. I got long at .68 yesterday. Best of luck VJET traders and investors.
I pasted this message from Betasplen1. Type message betasplen1 • 19 minutes ago Flag2 users liked this posts users disliked this posts 0 Reply Not that you really want to have an intelligent discussion on this topic, but for others who might be interested to know - the cash to debt situation has always been less than desirable. In fact, they had $178M in debt and little cash while comfortably trading at $4.50 last year. They key thing is free cash flow. They are still generating over $5M per quarter or $20M per year. After the forced liquidation of assets, they would have paid down another $50M in debt to the $80M range and have $10M in cash in 3Q14. Much healthier situation than last year. If they can do 30 cents/year in earnings, a PE of 15 will put them back at $4.50. So, if they can lay out their plan for the $50M raise by the new year, this should be right back to $2 by Jan. They have $15-18M already raised from the NDEX sales. The MN division should go for another $5M at least and so they have to sell $30M in assets between their Biz Info Division and 35% stake in Detroit Legal News publishing. If they are still short of the target, they can do a round of preferreds or a PIPE if all else fails. I hope the forced selling is over - that was brutal... Less
DM could get an oversold bounce trade. I will add more if it dips for a trade. ADX line is at 50 . Stock is down 87% from 52 week high. Glta to all longs and shorts.
Stock is oversold on the long term and short term charts. Hopefully it has a nice bounce. Glta traders.
Looking for a bounce on it. Best of luck to everyone on their trades and investments.
Stock has been crushed , it should get a relief rally in my opinion. I'm looking to add on pullbacks for a trade. Glta longs and shorts.