Hitting a 52-week high simply due to the passage of time rather than from company growth and performance is nothing to be proud of...not to mention this would have to appreciate 100% to hit a 52-week high. Combine that with the moving averages that look like a trip down from the peak of Mt. Everest, you're really grasping for straws by using a 52-week high as a benchmark. Even a buyout offer wouldn't put this POS above $20.
Looks like the shorts are "realizing" a 6%+ gain today...and that doesn't even factor in gains shorts could have realized from friday's pump before the dump.
I predicted that this is exactly what would happen. Same story, different quarter. The problem is longs have a short memory and get blinded by emotion.
You'll be lucky it this thing even peeps at $10 again by the end of the week. Why is it all pumpers/longs in this stock constantly make all of these ridiculous calls for price targets that are simply unjustified and way beyond reality? Mid-teens is a huge stretch of the imagination, let alone the $40 target that you're pulling out of your #$%$.
You might want to pinch yourself to make sure you're not dreaming, or get checked for brain aneurysm, because since this POS hit the $7's, the highest price it's seen has been $11.08. That's nowhere near the $14's your delusions of grandeur claim.
And it looks like the shine is already off of this turd of a quarterly non-earnings report (which again saw expense growth outpace revenue growth, and the losses keep on mounting while stock option expense keeps growing exponentially). Some of your fellow dreamers are claiming it would open above $11 today, or that $12 would print before earnings, or $12-$13 is right around the corner, yet all I see is another pop and drop as people look to make a small gain (and it still hasn't hit $12 just as I said it wouldn't in response to those misinformed claims). This POS is good for short-term plays on both sides of the trade, but long-term, this company is toast.
Don't feel sorry for the shorts...they've made far more money than any long around here has. It's those that have bought any time in the past 2 years you should be feeling sorry for, you know, with the 75% drop since Feb14.
Too bad...you barely got $9 yesterday...guess $9.75 wasn't so "easy". Didn't get anywhere near it again today. I'm going to predict that the only beat this quarter is fewer listeners and bigger losses than expected, and you won't see $12 before OR after earnings or anywhere near it for the rest of the year. Hope you enjoy sitting on dead money. Just don't think too much about what you COULD be making with that money in a real company.
Highly doubt it. You obviously haven't followed this stock around their non-earnings calls before. The only thing that makes this POS go up is fake buyout rumors and blatant lies.
And once again, you pop in here to blather on about your trades, only to show the world that you keep losing money. You've obviously never heard the phrase "It’s better to keep your mouth shut and appear stupid than open it and remove all doubt".