RE:Classic amyAll the sexy news to date still hasn't amounted to revenues and profits. Without those, AMY's share price can be played by those that want to work both the hype and the fears. This is in addition to typical seasonal trading.
In a recent podcast a piece of me questions why Larry had told investors "Now is not the time to sell"... This statement made him sound as if he needs the current investors to remain with the company in order to keep the share price stable. Ask yourselves IF and WHY is that so? Everyone will have their own views here, which is OK. I have a few too, and I am also not keeping my blinders on pretending my investment in AMY won't become smacked with dilution sooner than I'd like. That said, now this Friday I would like to hear Larry validate another financing won't be in the near term, and ensure us that if AMY is going to "Do it Alone", the company already has the money <available> to do so. More than just a couple million in the bank.
Another view on why AMY's share price is getting hit has to do with traders working the price down in order to trigger stop losses and kick out the weak pocketbooks. When the owners of those pocketbooks get kicked and kicked, they eventually cry, and proceed to dump their holdings causing an even heavier downward trend in the share price. Real investors know that we can take advantage of this trend if we have the finances on hand to do so. We can scoop those cheap shares, wait a few months, sell [whatever amount] and the result is we've lowered our ACB on current holdings. This applies to any stock, not just AMY.
So there you have a couple views to ponder on why the recent plunge. If you're invested stay focused. Don't get pushed around by those on the forums, and DO question what ANY CEO tells you to do. This is normal, and for your own protection.
Thatoneguy wrote: Classic. Amy goes down on good news, up on no news. Why is that. Been a long for years and this always seems to be the case.