Less than a month ago the stock price was $6. Is this company worth 2/3 of what is was worth just a month ago. There must be some bad news coming.
I am fairly confident that MIFI recent stock price reduction was an overreaction, but will this be a slow recovery or will this thing come back quickly (approaching $6) in a week or so.\?
He was booted out. He was part of the old management that did not produce. You have to look at this as an absolutely positive move and smart investors are going to make money on this down-turn.
I agree with you that something of significance is about to be announced. But will it be a positive thing? The way the stock has been acting, it could be negative news.
Not sure if there is any breaking news. It could just be that many investors realize that this is a great buying opportunity after being way oversold after earnings.
Smart, You mentioned TLFX a few days ago. You talked me into it and I bought me 1,000,000 shares!
No, I'm not that guy. Although I do own 10000 shares.
Mahilama, I love taking a risk on these type of companies and am seriously thinking of buying a bunch. Do you know much about the details of the Verizon deal. Is it a big enough deal to pretty guarantee the company will be around for awhile?
Obviously somebody (mutual fund?) decided to sell out this morning, but the fact that this stock could absorb such a selloff so quickly is one of the strongest indicators that this company is for real!
If this was just a day or two of this kind of price gain I would not necessarily think that something is going on, but this has been gaining for a month with big gains in the last few days, so there is no doubt that something big is coming!