RE:Is anyone paying attention?horseshoefalls wrote: Stock is oversold and ridiculously cheap at the moment. Take a look at what an asset sale did to MDF today. DOC is growing and with the divestment of non-core assets and an influx of cash available, the stock price could shoot up 50% in a day. I'd hate to sell my shares at the lows to find them at $.50 cents a month from now. Keep in mind also that the ENTIRE market and sector is trending down, so it's not like CloudMD is some anomoly and the company is just not performing.
The technicals are definitely showing this stock is oversold. We will see a bounce at some point. When you see such a large sell order on the ask side like we saw Friday it looks to me its been placed there to create panic and hold the stock where it is so shares can be picked off easily at a lower price. Over the last 12 months there have been 24 insider buys and 0 insider sells. At some point, I think we'll see a few more insider buys at these lower prices. Or at least, if they want to show confidence that a bottom is near given the inside information that they possess, we should see some buying. Granted they control the market as much as I do, which is not at all, so they are caught in this poor market like everyone else.