Post by
Hich1205 on Apr 30, 2024 1:01pm
mixed signals from this stock
Just listened to the conference call, it seems like the business is doing very good, and the guidance for 2024 is underestimated, since it does not include impact of any of the news products and businesses such as the major ones with Uber and ADP.
That been said, why are management selling the stock like there is no tomorrow!!
I checked the insiders transactions from jan 2023 to mar 2024, it's just crazy how the executives and the major chinese shareholder are selling the stock in millions of shares. So my takeout: unless there is some really weird hidden stuff that we don't know, I guess the execs and the major shareholders are selling just as part of their portfolio recalilbration, and in this case, this stock is up for a great run this year
Comment by
1condor on Apr 30, 2024 8:34pm
I am continuing to hold the stock and will add if it dips back down around 6 bucks. Tough day for most the small caps today.
Comment by
digital130 on May 01, 2024 11:29am
this is a great stock to buy and sell and in some areas buy and hold. A simple and fairly easy to understand tech stock compared to many others. Tough days are just starting. Bitcoins a monster problem, it has value but It has caused a never ending supply of coins entering market that are worthless. just my opinion. take care