Quote LOL, "$OCAT on Nasdaq Biggest Percentage Gainers - Markets Data Center - WSJ.com "
Well, it ONLY NEEDS ABOUT A 45% GAIN to get back to BREAK EVEN with where it was only a few months ago, LOL !! So it needs REAL BIG GAINS after two months of MASSIVE LOSSES.
This stock is not "up" in any way, shape or form? It's DOWN BIG from only 2 or so months ago- there's no "large gain" here, unless one is a trader and bought the perfect bottom(s) in the low $3's. Other than that- it's near 52 week lows and down from a 52 week high of $12.73, which is where a key insider dumped and sold a large amount of stock earlier in the year.
$6 plus to $7 a share is where it was "basing" only months ago- so $4.50 a share today is hardly a glowing, raging "success" story yet, LOL !!!
$4.50 X 1.45 = $6.50
That means it still needs a 45% GAIN, just to get back into "break even" territory from the recent massive losses and huge loss to its market cap.
It ain't outta the woods yet- not by any stretch IMO. WHEN ARE THE TRIALS GOING TO START? WHEN?
That's all that really matters IMO. Until then- it's still down, and down big from where it was only 6 months ago, let alone where it was when this "new" management team took over. It's trading today, right now- BELOW WHERE IT DID ON THE OTC MARKET. That's just the facts.
Posts contain only my amateur opinions, personal views and thoughts. I discuss stocks as a hobby only. Always do one's own due diligence before investing.
