Zhantao wrote: mumfordsen wrote: As Zhantao would say, I highly, highly, doubt this would dip below 20 cents. But I'm putting a stink bid anyways.
lol.
Just so everyone knows,. so far I haven't been wrong about this stock and rarely wrong about other stocks when I give my price predictions (or at least, when I give my opinion on where the share price is heading short term). And just for clarification, I don't give my opinions to bash/pump a stock. I give my opinions based on what I've experienced with stock market trading. My share price predictions aren't based on the COMPANY themselves, but on how the MARKET reacts to such things based on past experiences.
For example, I can't remember exactly which day, but a few days ago someone said this would be .30 or something by the end of that day. Based on what I was seeing, I gave an opinion that it wouldn't see .30. And I was right. Then I gave an opinion the next day that this wouldn't go even further up a certain amount contrary to what someone else believed, and I was right.
This isn't about who's right, who's wrong, and I'm not keeping score, but if you've been in the stock market long enough, you know that in most cases after a run, the SP will go down instead of going further up and up the following days. As we all know, stocks don't go up in a straight line.
Also, many, many times in many many other stocks, I see people thinking the SP will be, or SHOULD BE, at a certain price, but it just doesn't happen. What we think a company SHOULD be worth, is different than waht the company IS worth.
Like most of you, I think this stock performed very well and the contract is a giant step. But the SP can't keep going up based on this news alone. It needs further news, developments, etc. (just like how this news made the stock jump like this). Also, remember, many times a good news even resutls in a SELL OFF. So sometimes the market surprises us.
I don't think this will dip below 20 cents today, but it's possible over the next few days. that doese't mean it will stay down there. but I don't think this will double this week. If it does then all the power for all of us