I agree. Consistent large blocks for sale at every price. Only positive news flow, revenues and earnings, will alter the equation, IMO. That might happen, but the track record is obviously not encouraging. The ID checker buy has created new enthusiasm for the prospects. Still long and hopeful.
In the context of all these headwinds, I think the numbers look pretty good. I added another 100 sh with stock breaking through some resistance at 33.85 ish.
Comapny is really executing nicely. Wish the stock price would reflect it.
It's been enormously frustrating that this company which boasts a rapidly expanding user base has increased revenues much less rapidly. The company that they bought appears to be a good strategic fit, but to the extent that information is available adds pretty limited revenues. Is this a company that can leverage the new technology? Hard to say.And little reason for optimism. It seems like they're giving everything away. How else can one reconcile the enormous popularity of mobile deposit with such tepid revenue growth? No way they're getting $0.08 per check.
It appears the market anticipates this new buy will increase revenues and growth rate. Until that's proven to be true, it's speculative. I'm adding to my position based on the great technicals, but rightfully sceptical.
Although the price has appreciated quite a bit in a short period of time, it is in the context of a drumbeat of really dramatic news. It's easy to be giddy and greedy and then, pow. Many of us lived through the clinical hold. How ugly was that. However, nothing has changed the potential, now being realized, of this company possessing multiple transformative therapies. As good as this is, and as nerve-wracking praying that nothing bad will happen, I think this company, and share price, has quite a way to go. Hope I'm right!