There are two important parts to this:
1. Revenue doesn't necessarily mean they will make more money. They could be spending more.
2. It has been down for so long and has not done well. Investors still do not believe. Which goes hand in hand with #1.
I am long but did sell 60% at $1.93 yesterday and bought back some today.
I agree if they follow through with their comments and have the earnings they are stating. Not just this coming quarter, but upcoming quarters ahead.
I thought it would bounce but did not think it would go this low. Basically it hit the low back in 2013 and 5 months ago. Triple bottom.
I like it!! We will see what happens tomorrow. I would love to see this get over 1,80-2.00. I bought at 1.80, 1.72, 1.64, 1.57 and 1.46.
I am in it for a trade for now. Like I said it is over sold and will bounce and I will be out. I have traded meet over a year.
I agree about Cook, but I still think this could be a valuable company and can go higher. Looks like it came off a double bottom
It has already tanked fast. From 3.75 to here. Way over sold. Now I will say if we don't get any news soon (Good news). It will break below 1.55 and into the 1.30's.
As long as this holds and starts moving higher we could get a short covering rally. It needs to get back above 1.62
No, they were the ones that said $50, $100, $150 last year. I always said this would go back to $15 and now probably $7.50
I agree all you have said it totally possible. My only worry as some one has already said below, is why has the company not replied on the allegations.
There has been a upward trend over the last 4 or 5 months. That line shows support at around 1.55-1.57. If it closes below that could go back to the 1.30's. I don't think it will but it always a possibility. I think the upward trend will hold as this is way over done.
I didn't buy that many. I never said that I said my bid filled. I only bought 4,000. I been buying a little at a time on the way down. It looks like this is going in the 1.50's before it hit the upward trend line. That 1.62 will probably be filled today.