RE:Daily price dropsIt still still priced above book value, it is hardly dropping like it's going out of business. Although that may happen if the company continues its sharp sales declines and failing to advance potential new revenue streams.
TOMMY1 wrote: The daily price drops just don't make sense to me. It is dropping like Ceapro is about to go out of business. Unless there is a dirty little secret the general public shareholders don't know about, the only other explanation would be stock price manipulation by a larger institution, or institutions to bring the price down before buying up. Who is selling at these levels? This stock is a steal at these prices with all the potential, and yes, reported losses but not major losses. No debt either. Unfortunately, I have already averaged down and don't want to invest anymore in this until we know what is going on. Tax loss selling season is coming up too, so if this doesn't bounce back, we could see more declines before year end. Such a frustrating stock to own!
Anyone else have any theories as to what is going on?! Never thought we would see sub-50 again.