GREY:SMDWF - Post by User
Comment by
TAswingon Mar 24, 2016 11:04am
157 Views
Post# 24697347
RE:Just a Breather at 3.5
RE:Just a Breather at 3.5I couldn't agree more with you. The news release was a great one as this company is doing the right thing by cleaning it all up and finally get to cash flow positive. If they realize what they intend to do by Q4 of 2016, it means that sales are still going to be exponentially higher every quarter with so many cuts in their expenses on top of that. Fundamentally it was extremely weak but they are now making the right decisions. Technically, this will easily go back in the 8-10 cents range on the next release and in the 20's with a great Q1 and improvements all over the balance sheet. Buying under 6-7 cents with what we know already is the easiest/safest trade/potential gain I've seen in a while.
venturestockpicks wrote: VID is just digesting the news and churning through the flippers from all the shares that traded at 2.5 before the halt. The news was as good as we could have asked for and as they turn this ship around I believe we will see an ascending share price. This traded .54 earlier this year and it just may be in a better situation now than it was then. I think we will take down the wall at .04 very soon and will find a new higher level to trade at. glta