GREY:XEBEQ - Post by User
Comment by
tamaracktopon Sep 12, 2020 1:00pm
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Post# 31548467
RE:The first time
RE:The first timetamaracktop wrote: I sense a problem. It's pretty clear if you look closely. The first ever managerial miscues. Cash earns nothing. Clearly a major deal fell apart. Why else would they have 60 million earning nothing. Cash is actually dilutive. If this doesn't recover very fast, to mid $4's or $5 plus within 3 or 4 weeks, it's time to go deep. Today was pathetic.
I posted that Wednesday evening, after we closed at $4.10, having opened at $4.21, and trading as high as $4.22, and as low as $4.08. The technical picture right now is ugly, but the fundamentals are excellent. The sky isn't falling, and this is still a great stock, but there's no question it is technically damaged, at least in the short term. This puts us in a position where the upcoming news flow will be more "restorative" than "augmentative". That may not be a word, but I'm sure you know what I mean. More on the technical picture later.