RE:Prediction close anybody ?What? Are you surprized that they are strategically using cash to market the company in a sector which is in its infancy stage? Are you surprised that the price surged and pulled back a bit surrounding an earnings announcement?
This price should hold after a solid announcement of revenues and GM! The net will increase overtime (and sounds like it will be a short period of time), but I would initially expect a higher CAC when a company is in this position. I am really glad that they have a strong balance sheet with cash!
Just wait till you see the announcements in the coming weeks. If you have any idea of psychology and its behaviour on people, you might have noticed that Evan mentioned that he is working on accounts that are on the Fortune 500 list! When Lisa kept peppering him for more information, he had a subtle laugh in his tonality that would tell me he can’t say more at this time, but I have a feeling that something big is coming! Something that will add a lot of intrinsic value and validation to the company and its products.
Just look at the Fortune 500 list, cross off a few obvious names, and look at the balance of the companies left. You should be able to recognize the majority of the names, with some companies already as customers of the Jolokia platform. Now whether, they expand the product line to existing customers, or add new ones, it will all be great! Now are you concerned with a slight pullback??? You shouldn’t be!
Don’t lose any sleep over this one, it is a great investment. Have a beer this weekend and relax!