implaman- Intentions wasn't to quote it verbatim. The message was to
show what Jameison's was forecasting. That is; He's looking for a couple of years more before reaching sustained profitability.
I glean from that not expect any near or intermediate term reversal of the losses toward a EPS profit on a sustained basis for the foreseeable quarters or year or 2 years.
2-3 years ago ( not sure if it was 2 or 3 ) in a conference call he did say when asked, that he had " a five year plan toward profitability". He's now 2 or 3 years into it so he apparently is sticking to that statement.
The point is, living for each quarterly report , measuring every daily px change is not going to change the fundamentals; thus a trend reversal. Technicals bear me out as the damage done over the last 5 years even 10yrs is going to take months if not years to repair before confidence is restored.
The 1st step of course is to stop going down. Haven't reached that stage yet..... but we're close.
Step 2- back and fill for a long time ie months or ever years.
Step 3- A noticeable improvement in the technicals.
There may be rallies in between. I wouldn't get caught up in them except for a trade.
For long termers I'd say ignore the daily, tick by tick noise and focus on the real long term. that kind of metric is useless and serves no helpful purpose.
If however you're a day trade, then sure stick to your computer and watch , record and measure every tick. For those , they may even make a buck here and there.
