Agree that they need to demonstrate they can make money CONSISTENTLY(have lost money for the last 12 Qtrs) BUT, they still have the Muddy Waters and Audit Finding hanging over their heads. It's certainly a trust issue with the market and institutional investors.
The mindless and baseless pumping on this board as of late, is nothing like I've ever seen for this stock. I can't believe for a minute that rational investors would make investment decisions based on all this FACT-LESS noise.
here we go again with the board 2-year old whining and dreaming up stuff to talk about with no value to anybody. Guess you finally figured out that dozens of other users and myself, that you constantly say are the same, are not. great detective work for somebody with limited grey matter. The reason I'm on this board is because I own shares. Unlike you though, I'm not a burned bag holder that is trying to grind a pointless axe with other folks (instead of techfaith), and set new highs in the art of mindless pumping because you lost all of your retirement money.
the stock has been largely driven by trader, and not investor, volume. it has been a trader's favorite for the last few years. the volatility is a prime indicator. lately though (past few months), I'm encouraged by what appears to be somewhat less volatility....... maybe traders are finally moving on.....
Let's see what happens tomorrow. Not an unusual tactic for a swing/momentum trader, but certainly we don't see it that often either. Might be somebody hoping that the "swing they triggered" will appear on institutional radar, and cause further short-term buying. If that happens, the swing trader will exit having made his/her money.
Here we go again.... The board 2-year old throws a tantrum because he doesn't like the post. What he fails to understand is that there are multiple ways to make money on a stock, other than buy and hold.
purplenut has been pumping this stock for years,,,,, just put him on ignore. He's a bag holder from years past.
patience. next strong resistance point is in the $1.50s. a base in the $1.30s is a good foundation to move up, one step at a time.
that's certainly one option for them. the most important thing they need to do is to get the ex-CEO, now chairman out of the way, and convince him to sell his control of the company (ceo owns over 30% of company). he's the one that drove the company into the ditch.
Don't forget IDG was (I say was - most of what they own was sold) an investor and .... they were the folks that started the fake rumor that techfaith was going to sell its gaming unit, a couple of years ago. they did this so the stock would shoot up and they could recover their loses. unfortunately for them, it didn't work.
you'll need investors (buy and hold) to buy the stock, and not traders looking to make a fast buck. The stock's volatility is a dead giveaway on which is happening. Maybe someday they'll shed their muddy waters stigma, and attract some big institutional investors.
I like how you selectively omit information by "Accidentally" not disclosing that Josh Franklin is a bag holder that has been pumping this stock for the last few years, just like you.