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I got out today. The report was pretty bad. I tried to be optimistic, but optimism that isn't warranted loses people a lot of money. For a while I almost regretted selling, but the bounce was a knee-jerk reaction to the oversold condition. There is considerable resistance ahead and no real short term catalyst. I'd consider getting back in if things improve but there are better places to put my money right now.
50/50 Odds. Anybody with a coin could have done the same thing
Major shakeout. Only a handful of us and the MMs are going to make money on this one. Right back up over 3.
Munro is going to release positive news in the face of this.
Overreaction
These are one-time losses, not indicative of future results. The losses are not the result of normal business activities but the result of cost cutting. They have cut losses to prevent future losses. The restructuring remains intact, and the bottom line is better than expected earnings.
I saw that too but I thought I read they previously had 50MM in debt that's now 48MM. Anyone have an explanation?
Excellent point. Yes it certainly looks that way and that bodes well for next quarter by comparison.
1st quarter EPS is a loss of .04/share vs 2016 4th quarter loss of .16/share. That's the bottom line.
The dilution actually makes the EPS look better. Yet considering that we absorbed the dilution and still have our heads above water means the (.04)/share loss is real, and an improvement.
I'm still trying to understand however how we had multiple asset sales yet only managed to knock 2MM off the debt???
I think the layofffs cannot come soon enough and they need to stop talking about that and do it already.
Broke through .009 resistance, next up .0095 50 day SMA. After that I guess we're looking at .0115, then .018.
Oh no! We dipped below .008 again. Dilution! Dilution! Run for the hills!
Yeah I know it, just trying to be funny. People will be rushing to get in later for the banner day(s) that follow this amazing chart setup.
We've been volumized! Yet it would seem we have reached an impasse.
We're only up like 44.8% from the low of today up to .0084. That's like half a double or something. Wow that was easy!
Here comes the GREENery
Looks like a BIG green day today. Long tail, huge body. Looks like .01+ today.
Uh-oh, here we go! Double bottom, low float. Ka-boom! .03s and .04s on the way!
You need a 2nd opinion. My doctor says it's going to .20 very quickly.
You make it sound like that's a difficult thing.
Nice pick-up in volume. Just what is needed. Plus the PRs are about due.
Up 2.56% AND we have a nice PR next week to fuel the surge!
Nice that there's no pump going into earnings. And we have a very positive close to the week. All good things for the longs.
I'm sensing a major announcement coming very soon!
3s are about 20%+ thinner than they were yesterday.
I hope that person is happy with the $10 they just got from selling at .0001
Sure, the MMs are providing liquidity. Sure. By slowing down the trading to a crawl.
Chartology 101. If the second downward leg of the W is lower, the subsequent move up is more pronounced. This is the situation we have here.
The down move is exaggerated because of the low float. It works both ways. The classic double bottom reversal W is just about to snap higher. Like a tectonic plate jumping over another. Low float means sharp move upward. Double bottom formation just about done falling.
Although it seems to be flattening out a bit from it's rounded bottom, I actually welcome the slow and steady climb to prevent the burnout.
Ron, I saw the video. Thanks.
I have a question. Not sure if you would be willing to answer it, but under what circumstances did these guys agree to show this to you? What is their motivation for giving you the inside scoop? Doesn't seem like a thing they would be able or willing to do just because.
Also, the app views seemed to be legit, however I noticed the channels are obviously simulated and couldn't see if there were any videos streaming. So while there's an app, it's hard to tell if it's complete, or how well it's actually working. Still, great news and DD on your part.
Looks kinda like a hammer to me! Nice close!
The flippers will be waking up in 15 minutes and realize their mistake.
37K will take out the 3s
200 Mill shares first half hour!!!
Added more here. Looking good
News out today! Revenue growth quarter over quarter from Etelix acquisition. Higher than expected! Profitable bottom line if I'm reading this correctly. Snatch up those .0002s while you can!
Here we go! Goodbye .0002s. It was nice to know you. Boom Shakalaka!
I'll take $2/share buyout today.
Show me the proof.
3 consecutive GREEN days! (Close higher than Open) I know some of you don't consider that the definition of green, but the important thing here is there hasn't been two consecutive such days since the big UP day before we hit .0985, and now we have 3 in a row. The downward momentum is changing to upward momentum. And the fact it's changing so slowly means a massive move is coming in the direction of the GREEN.