RE:We're neck and neck Nedstar tamaracktop wrote: You're waiting for fifty cents, I'm waiting for a buck.
It's a tug of war, but rightly or wrongly I think the technicals give me an edge.
To short a period to draw any strong conclusions, but ultra-short term we've been seeing higher lows.
As well the stock is trading for 20% off where the CEO bought a million shares less than a month ago.
Good luck all longs.
Personally, in my opinion, I don't think you'll need it.
It is quite riveting. Keep in mind never once did I say it won't hit a buck, it very well may. My call isn't meant to be a short term one based on technicals or fomo.
After a couple of quarters of what I think will be failure of the products to get traction, much lower than expected revenue, a possible reverse split, financings etc I fully expect a current share to be worth less than 50 cents. This could be in 6 months, a year, or more from now though, and the share price between now and then is anyone's guess. I'm talking endgame, which is actually much lower than 50 cents imo. But hey maybe I'm wrong and longs will make huge money. That would be the best outcome. I don't think management deserves much as in my opinion their conduct and lack of being forthright have been outrageous. But certainly retail shareholders deserve to be made whole or better.