RE:RE:RE:If this touches 1.75Correct pointing to 1.85 resistance. If it doesn't hold what's the next resistance point? Well ...it's not quite clear isn't it?
With no good news in sight I don't see how this would recover.
I want also to point our that offerrings like this take a while to be put together. I suspect talks were initiated when the stock was in the mid 3s and they oferred the shares at a discount. The fact the the company was looking to attract more capital is not a bad thing, it is important what the capital will be used for? Is it growth? New products? Or corporate expenses / higher management retribution?
Strategic planning is key. If capital was needed what was it needed for? Is it worth looking for applications in new industries, new products? Well I am not against innovation and finding new streams of revenue ... however they have a product that they claim it works, why not exploring market options and agressivelly go after market share? Market share is up for grabs if not now when competition is not high, then when? If they are not able to do this, the management will score a big F and investors should be concerned.
On their online shop ... I don't think they will be SOLD out oncoffee pods anytime soon, they do have production capacity. BTW shoppers are complaining about high shipping costs ... just saying.
GoldenArm wrote: It's just trading talk (as in watching the candles and Bollinger bands). I'm not even sure what 1.75 has to do with it. I see 1.85 as the test level. If it stay above it then it may go up but the trend is definitely downward. However if the company announces it sold out of product again. This puppy is going to fly.