Yes, the market knows, of course. They need money to fund phase III. They don't have enough
I agree! The market knows they are going to have to do a equity offering.
Remember you can't make money if you don't take profits.
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