Paradigm shift.... What a difference 5 months makes. The last time we traded at $1.75 we were in the process of a major technical breakdown thru the considerable support between $1.75 and $1.85 .... The world was ending as we knew it. It was the first time trading firmly below $1.75 since NOVEMBER of 2002 coming off the fleeting highs over $3. We were all asking ourselves... what the hell are we missing here ?
Not sure about any of you reading this but I was a buyer. I thought there was NO POSSIBLE way we would break down further. I too was frustrated with poor management communications, lack of clarity and lack of tangible fundamental progress ... BUT... I thought the fundamentals would win-out... rational minds would prevail.
I have since bought at $1.17 , 87 cents, and $1.47 ( in that order )
Here we sit having almost exactly doubled from the lows of only THIRTY days ago. WHAT A PARADIGM SHIFT !
For those of us that watch this stock closely and know the story intimately, it would almost be easy to feel as if we are overbought. Its almost difficult to allow yourself to feel what we felt only 5 months ago..... which was.... HOW COULD WE POSSIBLY BE THIS LOW !???
The reality is, alot has changed. The future is much much clearer. The short and long term potential seems almost ridiculously obvious. Momentum is on our side and sentiment is high. A couple or three solid news releases will launch us considerably higher and all of this exercise will have been nothing more than a great buying opportunity.
Just as we were 5 months ago, this stock is way undervalued at $1.74