agree but my fear was capitulation into reverse split land (40-50 cent range), which still could happen but seems less likely for immediate future. Short interest was 49.7 million shares as of 8/15 which would seem to be around 4-5% float given billion floating shares
I have to admit I had my doubts but he has made good calls here and on twtr. I may not stay in this for the long haul but glad i didn't sell when it looked doomed. Short squeezes can last up to a week like this had late last year.
good points. Seems like company talks itself up a lot, gets lots of hype (look at their media coverage about innovation, etc) but cannot deliver growths/profits (lowered guidance and likely need for hiring co chief). Moreover, the dilution of shares is extreme, given liquidity in debt market (unless they don't think they can pay it back). Questions arise about potential poor management,. We will all have our answers in the next few months. If they continue to slow in growth and/or increase shares, I will exit because it'll end up a reverse split loser long term.
stupid work, didn't have time to watch the ticker and lost chance to sell. That was extremely short lived likely just one hedge covering
dont understand your logic, they could easily be hostile takeover for much less. it's trading at 67 cents,my friend. an aggressive buyer could take out whole company for less than dollar per share. it doesnt matter what the management thinks, it's a publicly traded company and could be strong armed if someone gains majority of shares
so people are thinking someone would buy this for what premium 20%, so 80 cents? most of us would still be losers then. moreover, if someone was going to buy, they would likely have done it or will do soon, given relative price and easy financing, yet no one has or likely will. this board is like a california public school, everyone gets a trophy for just playing
large percentage but very little in absolute terms, i am guessing most of us on this board have more than that, which in no way has been a bullish indicator
i am typically a deep value long term investor. My problems are with the model change to subscription and relative growth slowing. I am going to likely sell but there have been no upticks for a while. It's almost always a mistake to panic sell
you guys are really bullish/optimistic...so if it goes to 40 cents, will you be dancing in the streets because of the great value? I dont think so
even lower lows than last week, chart is train wreck. that short run to 80 cents was the ideal exit point. hindsight is 20/20
market price says you are incorrect. We disagree on growth prospects which seem to be muted with change in model. In short term, downside is greater than upside, even in intermediate term. Long term, given the number of shares, it will be lucky to get to 1.00 within next two years. Exiting is difficult for those who bought higher because it keeps going down everyday and its an investing mistake to sell on way down and rsi's in 30s
no one knows and ramimd must be the most sunny, optimistic person in the world. shorts can hold a large part of the float for many years, like with do, bont, etc.I like that 68 c held on close. if there is any kind of bump next week, i may sell. Better to lose 10k than 20K ( i bought 35k shares at .95)