RE:57 cents Another new ATL
IsThatYouDaryl wrote:
Tapped today and UBSBendover is happy
Yes, a new low of 57 cents is scary bad. TAAT started trading in June 2020 at 78 cents so it has fallen below that which is a bad sign for buy and hold longterm shareholders.
A friend asked me to take a look at this company because he is thinking of buying 50,000 shares. He thinks now is a good time to buy because the price has dropped 88% since August 2021 when it was at $5.00. He thinks what goes down has to go up again to new highs,
I'll advise my friend hold off on any purchases until after the Q4 Financial Statements are released in late February 2023 if the company survives that long.
Do you have any encouraging advice for my friend? You can refer your answer to Oma.