GREY:CRIUF - Post by User
Comment by
bluejay100on Aug 13, 2018 8:06pm
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Post# 28453732
RE:Please explain
RE:Please explainHaven't yet looked at the release in detail yet, but:
1. Revenue is not the same as profitability. If gross margin has held up then the reason will likely be expenses (both recurring and one-off). Quite possibly, it has been quite expensive to get these new customers in the door (and quite often probably offset by losing customers also!).
2. I guess that's how the stock market works! Not unusual to be spikes like that in either direction as the market tries to feel out what overall sentiment is after a release that is long-awaited, like this one. Such peaks and troughs can be heightened in a thin trading market, and often the highest price of the day is a fleeting one that virtually no one could have actually traded at. In all probabilty, once the early trading settled down and people digested things, the price settled into a more stable pattern. (And of course, it wasn't a great day on the markets either). The market seems to have concluded there are still enough question marks to prevent the stock really taking off and squeezing the shorts. I don't see any reason why shorters would be the main driver of the price fluctuations. As a shareholder myself - it could have been better but it could have been a lot worse! We live to fight another day.