InvestorsHub Logo
Followers 62
Posts 10750
Boards Moderated 0
Alias Born 11/10/2014

Re: None

Sunday, 10/11/2015 8:45:34 AM

Sunday, October 11, 2015 8:45:34 AM

Post# of 29204
The price is already baked into this quarter. Now the stock tests the lows. But even if it holds , it's not going anywhere because of a variety of factors: Namely
1) Investors will be looking to judge whether the "Delays" continue to mount and spill over into future quarters or worse; that they turn into outright cancellations.
2) Tax loss season is fast approaching and what better stock can a shareholder take a loss in than this one.
3) The global markets have not finished their slide and the US stock markets have not reversed course . There's more volatility ahead and downside to be expected.
4)Macro economists and some macro analysts are beginning to think 2016 will usher in a recession almost everywhere.If so, say goodbye to capital spending.
5) Geopolitical issues could really get nasty .
6) The technical analysis on this stock continues to be negative with a sell rating by highly regarded technical analysts.

If the stock doesn't hold the recent low, it'll be because of another ominous piece of news. .... perhaps the unthinkable potential bancruptcy. I can think of no other reason for it to fall below $.20/sh price except that...... being accelerated by any or all of the reasons listed above.

A buyout now would save allot of pain in this one.And should one occur, any management would be better than the one there that ran this company into the ground.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.