I'll share this with you so you know what is going on.
Why it is going up today. They are offering Gen 4 of the mobile browser as of today. Before you get too excited, it is a known event and very, very late despite the lie of being "on time". They also lied about Gen 4 being a paid for version. It is still free and they are trying to get people to sign up for in-app purchases beginning at 99 cents.
Their browser is a complete flop. It was okay for awhile, but once they added some features it got way too slow and is now basically unusable. It is getting almost no downloads for quite awhile. Look at the reviews:
"Not straight forward,very slow uploading, couldn't find a certain web site I use with other Browser."
"TO SLOW VERY SLOW TIME FOR BED"
They have a handful of new reviews in the past month indicating downloads have dropped off to a trickle. The Apple version doesn't even have enough reviews to rate it with 19 total since the very first release! It also has bad reviews:
"First) When I am on the app, the app keep crashing. It remember a website that I was on, but does not load. Any ideas why this app keep crashing?"
There will be a PR released imminently. Don't fall for it. Known news and once people figure out they still have to give it away and they lied about Gen 4 being a paid for version, it will be another selling event.
I have no position at this time. My last short was in the $3.20s before earnings release and I covered quickly for 25% profit. I used to be their biggest cheerleader and got a lot of people into this. Funny how everyone turned on me when circumstances changed and I pointed out all the new red flags. I called the rise and I called the drop. Don't fall in love with a stock. Do constant DD and stay objective.
Verify the reviews for yourself. Funny I am breaking their "news" once more from publicly-available sources. They are a joke in allowing insiders to front-run news before they release it to the public. Do what you wish with your own money, but there will be short pop from the PR before another big leg down. Don't blame me when it drops under $2 when you can lock in $2.50 or slightly more after they get around to issuing the news that Gen 4 is released!
