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Re: MyzStreet post# 6416

Wednesday, 05/09/2018 10:14:37 AM

Wednesday, May 09, 2018 10:14:37 AM

Post# of 6599
I think for stocks like ISCO with low outside ownership and volume that technical theories and charts are basically meaningless. ISCO will fly or die based on either significant progress or significant crises. Not whether one officer is the child of another, nor if the charts show a cup and handle, or some other signal. Technical analysis is likely most useful for larger stocks on larger boards with volumes where statistics and market psychologies can coincide at times. If over the next year or so, life changing efficacy is demonstrated by their technology and products, that is what could make a typically low volume stock fly super high. In the meantime, if they can grow their revenue generating units, then the company should slowly become stronger and more noticed. A PE of 40 is not unrealistically high for a small slowly growing company. If we assumed the total effective outstanding share quantity is 30 million shares, and the company stopped all research and focused only on their revenue generating units that had 1.4 million in earnings, a PE of 40 would be associated with a stock price of about $1.87/share.

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