I closed the remainder of my april 25th position. This could be a construed as a possible bullish indicator!
If it pulls back to 17 I will re-examine. RG are you going short?
Can you provide examples of companies that they have "straightened the wheel" prior?
this was the 1st Q of non sequential revenue growth, the reason the stock had been climbing in the first place. The company has a bad pattern of spending more than it earns, in fact they are really good at it. If they would do a little belt tightening, and thoroughly looking at their sales numbers and avenues, the results will show.
I agree with your statement in principal and have been complaining about the same on this board for a while, specifically when they signed a new lease for more space. Why not stay in budget rather than operate like the government. My hope is that revenues will pour in enough to edge out the bad spending pattern of management.
I am being harsh but true. Company should have been profitable 4Q last year.
If there are positive earnings, I will open my account and enter buy orders until I am out of money.
safety dance... do the hustle... (you know the beat) drinks at the country club?