RE:RE:RE:RE:no hurry to buy any of theseflad101 wrote: They showed profit of 1 million. That's why she is going down
Umm....here we are again, applying blue chip fundamentals to a spec stock in a spec space. The market is manipulating this stock, plain and simple.
Theh financials were strong, with guidance of turbulence (for all) ahead. Sure, that may cause some fear and maybe a bit of a pull back, but even if they pull in only $100mil next year at 10mil EBIT.....that still warrants the action we're seeing? Hardly......
LABS is not MSFT, AMZN, etc....yet they are very profitable and successful in a startup sector and really the only company with any semblence of success and focus on their global expansion plans....Why is Valens up 6% today? Cause they're uplisting to the big board?? Hahaha....ya right....what makes anyone think they're in a different universe to LABS? They're not....neither are any of the other companies with market caps at multiples higher than LABS, yet down LABS goes.....on $125mil top line and $25mil EBIT....that (2 months ago) would have been enough to drive the price to $4-5.....