RE:RE:DROPPING INTO THE $6 RANGEHonestly, there is NO price that I would be buying this stock. Personally, I think there will be massive write-downs on their books and massive losses in the coming quarter. They are still spending like fools, and have little to no gameplan to take on much more nimble competition that are litterally eating them alive.
Personally, I have some extreme doubts as to the ultimate survival of the company. They are in DEEP trouble imho, and I don't even think we know the half of it. As retail investors, it's hard for us to get an accurate picture. I tend to come at it from many different angles, basically encircling what I want to know, and with a view from different vantage points, you can make a pretty good guess at the core of what you're trying to find out. Again, from my perspectie, the company is a mess.
Truly, I believe the company is now untouchable at any price level.
MakeItRain999 wrote: You've been right in calling the drop. But what about l that cash CGC is holding? What price would You be a buyer?