RE:RE:RE:Dont get trappedThats great that the targets are 12 bucks or 22 but that doesnt change the fact that i was right. earnings are a great time to see people lose tons of money as they jump into the FOMO train.
You mentioned yourself. too little buyers means the pressure will keep the prices down.
this might be a 22 share in 12 months, but for now, its at the mercy of the shorts and lack of enthusiam on the market.
you dont need to hate reality. it is what it is.
Ill wait for it to continue dropping and by in at 3-4 bucks if i can. that would be a steal.
pacer217 wrote: YEP, Your warning plus two $$ will getme my morning cup of coffee Saturday.
Although experts are seldom 90 % right, there was at least 7 of them quoted here and other sites suggesting 12 month targets from $16 to $22.
What happened today was just a repeat of last six weeks.
Panic selling, some short creation- because it's easy money short term; Some who put stop-losses in too tight. You can see the volume /per trade was very small. Dozens of sells under 1,100 shares
each. What did NOT happen was any one selling to lock in a profit. ( Unless they bought Wednesday and sold today before 12 noon.
As i said before, Not enough large buyers / holders. With no proven track history ( only 9 months old), Too many young, very inexperienced day / week traders. Same thing happened to STC, FOBI-- two others I havewith the same wild gyrations.on a daily basis.