Wednesday, October 19, 2016 11:27:43 AM
LOL, yes maybe we'll see a repeat of yesterday's whopping trade of 2000 shares totaling a wallet breaking, 80 cents. LOL. We might have to 'settle' for buying 5ssss.
And please people, 10 billion, 12 billion, 15 billion outstanding shares??? Put a pencil to it and figure out the P/E at those particular share numbers and ask yourself if that is fair valuation . Remember that most stocks trade at a higher multiple of 1:1 P/E (5-7 multiple is conservative) and are forward looking. The subjectivity of this evaluation is how you perceive the future of the company. In this specific case it seems most here feel that the ace card is FDA. So calculations should be based on positive or negative FDA. I have seriously done my calculations and with FDA I get a resounding BUY! Without FDA and continuous entry in many more countries, I get a resounding BUY, but farther out in future. With profitability entered into the scenarios WITH or WITHOUT FDA, I get a resounding, resounding BUY!
SEC is NOT shutting doors as some would like to proclaim.
You can buy a helluva lot of shares in the trips!
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