I made over 40% on W in about 6 months . How much have you made on UBNT this year? NOTHING!!
So now you take advice from Citron and pump articles written by interns.
Citron was right about VRX and AMBA but wrong about W just like they were way wrong about Netflix saying it was going to $80.
Pera probably paid that intern $20 to write the article,
I don't think interest rate hike is it. Competition. However, the population is aging so I love this long term and I am a buyer at $60 or below for sure.
First they get busted for shipping some of its products to Iran.
Next UBNT gets accused of having ties to the Chinese Mafia
Last quarter they got scammed out of $40 million dollars by an email prank.
I am hoping someone asks Pera if they got their money back yet.
Lots of drama with this company...
last quarter they didn't have numbers that beat - stock tanked after hours, then some bs that current month looks good and the pork issue was resolved, stock goes up $100. I agree with jackbil about it being manipulated. I noticed fad is wearing off. Stores aren't as crowded. Bet you same store #'s aren't as good. BUT There will be some other bs this time around like we have launched a new mobile app which should double store sales and stock will go up another $100.
By up, if you mean to $35, that's not much of a gain. Soon 52 week low/high will read LOW $32 - High $35. I have no position anymore, used to be long when it did trade up. I can't even remember that far back anymore. This company needs a shakeup.